Beaufort Symphony Orchestra Inc

Analysis

Beaufort Symphony Orchestra Inc is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in August 1990, 36 years ago. 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, Beaufort Symphony Orchestra Inc reported income of $158k and spending of $165k, spending 105% of its income. Across the 4 years on record, from May 2020 to May 2024, income fell from $191k to $158k (-17%), an average of -6.0% a year. The sharpest change came in the year to May 2023, when income dropped by 44%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beaufort Symphony Orchestra Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 54th percentile within SC. Charities of a similar size with the same main cause include The Gifted Living Institute Inc ($158k), Mid-West Tool Collectors Association Inc ($158k) and Joy Comes ($158k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 64% and program service revenue 27% of the total. At year end it held assets of $176k against liabilities of $4,385, net assets of $171k.