Imperial Symphony Orchestra Inc

Analysis

Imperial Symphony Orchestra Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in November 1966, 60 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 June 2023, Imperial Symphony Orchestra Inc reported income of $605k and spending of $595k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $510k to $605k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Imperial Symphony Orchestra Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Kodiak Public Broadcasting Corporation ($605k), Casa of Lafayette County ($605k) and Rowayton Senior Housing Corporation C/O Kenneth Laclair ($605k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $73k (12% of expenses). At year end it held assets of $949k against liabilities of $29k, net assets of $920k. It reported 3 employees.