Lynchburg Symphony Orchestra Inc

Analysis

Lynchburg Symphony Orchestra Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Lynchburg Symphony Orchestra Inc reported income of $374k and spending of $377k, spending 101% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $306k to $374k (+22%), an average of +5.1% a year. The sharpest change came in the year to May 2022, when income rose by 59%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lynchburg Symphony Orchestra Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Port Allen Educational Broadcasting Foundation ($374k), Art House San Clemente ($374k) and Corn Hill Neighbors Assoc Inc ($374k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 47% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $37k (9.7% of expenses). At year end it held assets of $137k against liabilities of $4,864, net assets of $132k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.