Symphony of the Mountains

Analysis

Symphony of the Mountains is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in May 1956, 70 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, Symphony of the Mountains reported income of $756k and spending of $805k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $535k to $756k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Symphony of the Mountains sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Housing Partnership of Chester County Inc ($756k), Every Third Saturday Inc ($757k) and Whitinsville Retirement Society Inc ($756k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Other salaries and wages came to $245k. At year end it held assets of $993k against liabilities of $37k, net assets of $957k. It reported 4 employees.