Hendersonville Symphony Orchestra Inc

Analysis

Hendersonville Symphony Orchestra Inc is a registered charity in United States, based in Hendersonville, NC. It received its IRS tax-exemption ruling in January 1973, 53 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, Hendersonville Symphony Orchestra Inc reported income of $272k and spending of $367k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $365k to $272k (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hendersonville Symphony Orchestra Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Kitchen Dog Theater Company ($272k), Marine Mills Folk School ($272k) and Social Circle Theatre and Arts Council Inc ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $90k. At year end it held assets of $530k against liabilities of $45k, net assets of $485k. It reported 2 employees.