Owensboro Symphony Orchestra Inc

Analysis

Owensboro Symphony Orchestra Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in July 1968, 58 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, Owensboro Symphony Orchestra Inc reported income of $952k and spending of $926k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $812k to $952k (+17%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 66%. 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, Owensboro Symphony Orchestra Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Access Gallery ($952k), Hingham Historical Society ($952k) and United Jazz Foundation ($952k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 30% of the total. Other salaries and wages came to $189k. At year end it held assets of $2.5m against liabilities of $253k, net assets of $2.2m. It reported 10 employees.