Fayetteville Symphony Orchestra Inc

Analysis

Fayetteville Symphony Orchestra Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in April 1980, 46 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, Fayetteville Symphony Orchestra Inc reported income of $545k and spending of $688k, spending 126% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $508k to $545k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2023, when income rose by 17%. 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, Fayetteville Symphony Orchestra Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Kalamazoo Cultural Center ($544k), San Francisco Italian Athletic Club Foundation ($545k) and Alabama African American Civil Rights Heritage Sites Consortium ($544k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 13% of the total. Other salaries and wages came to $207k. At year end it held assets of $426k against liabilities of $34k, net assets of $392k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.