Symphonic Band of the Palm Beaches Inc

Analysis

Symphonic Band of the Palm Beaches Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 September 2024, Symphonic Band of the Palm Beaches Inc reported income of $183k and spending of $176k, spending 96% of its income. Across the 3 years on record, from September 2022 to September 2024, income grew from $133k to $183k (+38%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 161%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Symphonic Band of the Palm Beaches Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Little League Baseball Inc ($183k), Community Housing Services ($183k) and Paterson NJ Oic ($183k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 38% and program service revenue 61% of the total. At year end it held assets of $366k against liabilities of $41k, net assets of $325k.