The Greensboro Symphony Endowment Fund

Analysis

The Greensboro Symphony Endowment Fund is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, The Greensboro Symphony Endowment Fund reported income of $376k and spending of $333k, spending 89% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $139k to $376k (+170%), an average of +28% a year. The sharpest change came in the year to May 2021, when income rose by 145%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Greensboro Symphony Endowment Fund sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include George Daily Charitable Trust ($376k), Studio at 620 Inc ($376k) and American Society of Andrology ($375k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 31% of the total. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.