West Virginia Symphony Orchestra Inc

Analysis

West Virginia Symphony Orchestra Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in April 1963, 63 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 2024, West Virginia Symphony Orchestra Inc reported income of $2.8m and spending of $2.7m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.6m to $2.8m (+6.6%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, West Virginia Symphony Orchestra Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WV. Charities of a similar size with the same main cause include Asheville Symphony Society Inc ($2.8m), Performa Inc ($2.8m) and Association for Community Education Inc ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $143k (5.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.0m against liabilities of $411k, net assets of $1.6m. It reported 264 employees.