Roanoke Symphony Foundation 708 Dominion Bank Building

Analysis

Roanoke Symphony Foundation 708 Dominion Bank Building is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Roanoke Symphony Foundation 708 Dominion Bank Building reported income of $88k and spending of $13k, leaving 86% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $43k to $88k (+104%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 4248%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roanoke Symphony Foundation 708 Dominion Bank Building sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Albany Area Arts Council Inc ($88k), American String Teachers Association Incorporated ($88k) and Dorchester Historical Society ($88k).

At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.