Greenville Symphony Association

Analysis

Greenville Symphony Association is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in June 1963, 63 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 May 2024, Greenville Symphony Association reported income of $3.4m and spending of $3.6m, spending 106% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $2.8m to $3.4m (+23%), an average of +5.3% a year. The sharpest change came in the year to May 2022, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenville Symphony Association sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include North Carolina Symphony Foundation ($3.4m), World Radio Network Inc ($3.4m) and Center of Southwest Culture Inc ($3.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $136k (3.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.5m against liabilities of $512k, net assets of $2.0m. It reported 209 employees.