Florence Symphony Orchestra

Analysis

Florence Symphony Orchestra is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in February 1950, 76 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 2024, Florence Symphony Orchestra reported income of $359k and spending of $350k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $264k to $359k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florence Symphony Orchestra sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Culture Arts Initiative Inc ($359k), Wisconisn Broadcasters Association Foundation Inc ($359k) and Artichoke Community Music ($359k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 60% of the total. Other salaries and wages came to $76k. At year end it held assets of $420k against liabilities of $26k, net assets of $394k. It reported 2 employees.