Venice Symphony Inc

Analysis

Venice Symphony Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in October 1978, 48 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 May 2024, Venice Symphony Inc reported income of $2.7m and spending of $2.5m, spending 92% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $1.3m to $2.7m (+104%), an average of +15% a year. The sharpest change came in the year to May 2021, when income rose by 89%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Venice 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 FL. Charities of a similar size with the same main cause include Native Renewables Inc ($2.7m), Music Worcester Inc ($2.7m) and Bucks Rock Camp Inc ($2.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 41% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $162k (6.5% of expenses). Other salaries and wages came to $409k. At year end it held assets of $4.5m against liabilities of $420k, net assets of $4.0m. It reported 14 employees.