Greensboro Symphony Guild Inc

Analysis

Greensboro Symphony Guild Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in April 1982, 44 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 June 2024, Greensboro Symphony Guild Inc reported income of $107k and spending of $112k, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $196k to $107k (-45%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greensboro Symphony Guild Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Wheaton Senior Citizens Club Inc ($107k), Lakes Area Hawks Football Assoc Inc ($107k) and Windsor Square Hancock Park Historical Society Rancho LA Brea ($107k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 3.0% of the total. At year end it held assets of $127k against liabilities of $87k, net assets of $40k.

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.