Capital City Symphony

Analysis

Capital City Symphony is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Capital City Symphony reported income of $210k and spending of $196k, spending 93% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $161k to $210k (+31%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital City Symphony sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 30th percentile within DC. Charities of a similar size with the same main cause include New Hampshire Theatre Project ($210k), Falcon Drama Boosters Inc ($210k) and Tertulia Inc ($210k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $29k (15% of expenses). At year end it held assets of $218k against liabilities of $11k, net assets of $206k.