Waynesboro Symphony Orchestra Inc

Analysis

Waynesboro Symphony Orchestra Inc is a registered charity in United States, based in Waynesboro, VA. It received its IRS tax-exemption ruling in February 1999, 27 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 August 2023, Waynesboro Symphony Orchestra Inc reported income of $282k and spending of $236k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $652k to $282k (-57%), an average of -19% a year. The sharpest change came in the year to August 2021, when income rose by 111%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waynesboro Symphony Orchestra Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Minnesota Council of Teachers of Mathematics ($282k), Le Sueur County Pioneer Power Association ($282k) and Cheshire Childrens Museum ($282k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $780k against liabilities of $43k, net assets of $737k.