North Carolina Symphony Foundation

Analysis

North Carolina Symphony Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1983, 43 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Carolina Symphony Foundation reported income of $3.4m and spending of $1.0m, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $941k to $3.4m (+264%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 209%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Symphony Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Center of Southwest Culture Inc ($3.4m), Greenville Symphony Association ($3.4m) and Citydance Ensemble Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $20.9m against liabilities of $5,250, net assets of $20.9m.