The Loudoun Symphony Association Inc

Analysis

The Loudoun Symphony Association Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in May 1992, 34 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, The Loudoun Symphony Association Inc reported income of $311k and spending of $325k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $215k to $311k (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Loudoun Symphony Association Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Childrens Musical Theatreworks of Fresno ($311k), American Friends of the Oxford Philharmonic Orchestra Inc ($311k) and Childrens Arts Guild ($311k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. At year end it held assets of $127k against liabilities of $81k, net assets of $46k.