Petersburg Symphony Orchestra

Analysis

Petersburg Symphony Orchestra is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in June 2014, 12 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 June 2023, Petersburg Symphony Orchestra reported income of $72k and spending of $84k, spending 117% of what it took in. Across the 2 years on record, from June 2020 to June 2023, income grew from $66k to $72k (+9.1%), an average of +9.1% a year. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Petersburg Symphony Orchestra sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within VA. Charities of a similar size with the same main cause include South Coast Singers ($72k), Legion for the Survival of Freedom Inc ($72k) and Growthworks Inc ($72k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.6% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.