Jacksonville Symphony Association

Analysis

Jacksonville Symphony Association is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 1951, 75 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, Jacksonville Symphony Association reported income of $28.8m and spending of $11.9m, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $28.8m (+200%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 138%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jacksonville Symphony Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Atlas Economic Research Foundation ($28.8m), Overture Center Foundation Inc ($28.9m) and Destination Crenshaw ($28.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $758k (6.3% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $31.7m against liabilities of $2.0m, net assets of $29.8m. It reported 363 employees.