Charlottesville Symphony Society

Analysis

Charlottesville Symphony Society is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in May 2015, 11 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, Charlottesville Symphony Society reported income of $870k and spending of $1.1m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $753k to $870k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlottesville Symphony Society sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Confluences ($870k), Portrait Society of America Inc ($870k) and Annapolis Opera Incorporated ($870k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $121k (11% of expenses). Other salaries and wages came to $555k. At year end it held assets of $8.2m against liabilities of $0, net assets of $8.2m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.