Hilton Head Symphony Orchestra Inc

Analysis

Hilton Head Symphony Orchestra Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in December 1984, 42 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, Hilton Head Symphony Orchestra Inc reported income of $2.4m and spending of $2.7m, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $2.4m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hilton Head Symphony Orchestra Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Hancock County Performing Arts Center ($2.4m), Edward Drummond Libbey Endowment Fund 20-10-211-0326880 ($2.4m) and McAllen International Museum ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $148k (5.4% of expenses). Other salaries and wages came to $938k. At year end it held assets of $2.1m against liabilities of $966k, net assets of $1.2m. It reported 155 employees.