Greater Pensacola Symphony Orchestra

Analysis

Greater Pensacola Symphony Orchestra is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in February 1956, 70 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 May 2023, Greater Pensacola Symphony Orchestra reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.4m to $1.7m (+21%), an average of +6.5% a year. The sharpest change came in the year to May 2022, when income rose by 93%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Pensacola Symphony Orchestra sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Hattiloo Theatre ($1.7m), Our Pride Encompasses Nashville ($1.7m) and Greenville Arts Festival ($1.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 56% and program service revenue 40% of the total. Other salaries and wages came to $879k. At year end it held assets of $3.9m against liabilities of $368k, net assets of $3.5m. It reported 11 employees.