Wheeling Symphony Society Inc

Analysis

Wheeling Symphony Society Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in January 1940, 86 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, Wheeling Symphony Society Inc reported income of $1.6m and spending of $1.8m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.6m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wheeling Symphony Society Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within WV. Charities of a similar size with the same main cause include Society for the Preservation of the Duquesne Heights Incline ($1.6m), Music Haven Inc ($1.6m) and Shawl-Anderson Modern Dance Center ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 31% of the total. Other salaries and wages came to $683k. At year end it held assets of $3.4m against liabilities of $60k, net assets of $3.4m. It reported 221 employees.