Acadiana Symphony Association

Analysis

Acadiana Symphony Association is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in February 1987, 39 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 May 2023, Acadiana Symphony Association reported income of $575k and spending of $1.0m, spending 178% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.0m to $575k (-43%), an average of -13% a year. The sharpest change came in the year to May 2022, when income rose by 446%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Acadiana Symphony Association sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include Haddonfield Plays and Players ($575k), Atlantic City Arts Foundation ($575k) and Bellingham Festival of Music ($575k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 50% and program service revenue 61% of the total. Other salaries and wages came to $346k. At year end it held assets of $234k against liabilities of $550k, net assets of -$315k. It reported 7 employees.