Greensboro Symphony Orchestra Incorporated

Analysis

Greensboro Symphony Orchestra Incorporated is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1964, 62 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 May 2024, Greensboro Symphony Orchestra Incorporated reported income of $2.9m and spending of $2.7m, spending 92% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.6m to $2.9m (+82%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 255%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greensboro Symphony Orchestra Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include LA Fundacion Puertorriquena de Las Humanidades Inc ($2.9m), Pensacola Retirement Village Inc ($2.9m) and National Society of the Sons of the American Revolution ($2.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $121k (4.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $621k, net assets of $820k. It reported 99 employees.