Daytona Beach Symphony Society Inc

Analysis

Daytona Beach Symphony Society Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in March 1969, 57 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 April 2024, Daytona Beach Symphony Society Inc reported income of $478k and spending of $554k, spending 116% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income fell from $557k to $478k (-14%), an average of -3.0% a year. The sharpest change came in the year to April 2022, when income rose by 99%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Daytona Beach Symphony Society Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Jerome Historical Society Inc ($478k), Centre County Historical Society ($478k) and African Enviromental Film Foundation ($478k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 49% and program service revenue 40% of the total. Other salaries and wages came to $110k. At year end it held assets of $611k against liabilities of $31k, net assets of $580k. It reported 4 employees.