Piedmont Wind Symphony

Analysis

Piedmont Wind Symphony is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 1989, 37 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, Piedmont Wind Symphony reported income of $276k and spending of $228k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $305k to $276k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to June 2022, when income rose by 275%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Piedmont Wind Symphony sits at the 67th 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 In the Light Arts ($276k), Crosswinds Foundation for Faith and Culture ($276k) and Rewild Portland ($276k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $16k (6.9% of expenses). Other salaries and wages came to $3,433. At year end it held assets of $88k against liabilities of $4,862, net assets of $84k. It reported 1 employees.