Lagrange Symphony Orchestra Inc

Analysis

Lagrange Symphony Orchestra Inc is a registered charity in United States, based in Lagrange, GA. It received its IRS tax-exemption ruling in August 1990, 36 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 2023, Lagrange Symphony Orchestra Inc reported income of $354k and spending of $396k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $446k to $354k (-21%), an average of -7.4% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lagrange Symphony Orchestra Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include Lumber Heritage Region of Pa Inc ($354k), Project Real ($354k) and Montgomery County Council for the Arts Inc ($354k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 18% of the total. Other salaries and wages came to $109k. At year end it held assets of $432k against liabilities of $500, net assets of $431k. It reported 3 employees.