Paducah Symphony Orchestra Inc

Analysis

Paducah Symphony Orchestra Inc is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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 2022, Paducah Symphony Orchestra Inc reported income of $1.8m and spending of $812k, leaving 56% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.1m to $1.8m (+67%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 167%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paducah Symphony Orchestra Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Mobile Area Education Foundation ($1.8m), The Sharptown Volunteer Fire Dept ($1.8m) and Golden Age Home ($1.8m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $50k (6.1% of expenses). Other salaries and wages came to $371k. At year end it held assets of $2.9m against liabilities of $551k, net assets of $2.3m. It reported 128 employees.