Alexandria Symphony Orchestra Inc

Analysis

Alexandria Symphony Orchestra Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 1969, 57 years ago. 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 June 2023, Alexandria Symphony Orchestra Inc reported income of $2.2m and spending of $970k, leaving 57% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $774k to $2.2m (+190%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 162%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alexandria Symphony Orchestra Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Foundation for Excellence ($2.2m), Montessori Society of Champaign-Urbana Incorporated ($2.2m) and National Council on Alcoholism and Dependence of the San Fernando VL ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $113k (12% of expenses). Other salaries and wages came to $121k. At year end it held assets of $1.7m against liabilities of $146k, net assets of $1.6m. It reported 5 employees.