Augusta Symphony Inc

Analysis

Augusta Symphony Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in March 1989, 37 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 2023, Augusta Symphony Inc reported income of $2.5m and spending of $3.0m, spending 120% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.1m to $2.5m (-21%), an average of -7.5% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Augusta Symphony Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Two Blades Foundation ($2.5m), Youth Music Project ($2.5m) and Friends of the New York Transit Museum ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $208k (7.0% of expenses). Other salaries and wages came to $647k. At year end it held assets of $19.3m against liabilities of $1.4m, net assets of $17.9m. It reported 286 employees.