Durham Symphony Incorporated

Analysis

Durham Symphony Incorporated is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 1977, 49 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 2024, Durham Symphony Incorporated reported income of $179k and spending of $152k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $88k to $179k (+102%), an average of +102% a year. The sharpest change came in the year to June 2024, when income rose by 102%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Durham Symphony Incorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Association for Development of Dramatic Arts Inc ($179k), Colorado Art Education Association ($179k) and Mid-Hudson Heritage Center Inc ($179k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 20% of the total. At year end it held assets of $112k against liabilities of $11k, net assets of $102k.