Southwest Florida Symphony Orchestra and Chorus Association I

Analysis

Southwest Florida Symphony Orchestra and Chorus Association I is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in September 1966, 60 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, Southwest Florida Symphony Orchestra and Chorus Association I reported income of $1.8m and spending of $1.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.8m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Florida Symphony Orchestra and Chorus Association I sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Institute for Child Success Inc ($1.8m), North Market Development Authority Inc ($1.8m) and Sedona International Film Festival & Workshop ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $88k (4.7% of expenses). Other salaries and wages came to $709k. At year end it held assets of $3.2m against liabilities of $209k, net assets of $3.0m. It reported 139 employees.