Fairfax Symphony Orchestra

Analysis

Fairfax Symphony Orchestra is a registered charity in United States, based in Merrifield, VA. It received its IRS tax-exemption ruling in December 1959, 67 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, Fairfax Symphony Orchestra reported income of $710k and spending of $847k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $721k to $710k (-1.6%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fairfax Symphony Orchestra sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Berkshire Music School Inc ($710k), Sculpture Fields at Montague Park ($710k) and Literary and Prologue Society of the Southwest ($709k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $206k (24% of expenses). Other salaries and wages came to $337k. At year end it held assets of $343k against liabilities of $29k, net assets of $314k. It reported 160 employees.