Nashville Symphony Association

Analysis

Nashville Symphony Association is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1948, 78 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 July 2023, Nashville Symphony Association reported income of $22.0m and spending of $29.1m, spending 132% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $23.2m to $22.0m (-5.1%), an average of -1.3% a year. The sharpest change came in the year to July 2022, when income rose by 142%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nashville Symphony Association sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Fine Arts Museums Foundation ($22.0m), Abilene Heritage Square Inc ($22.0m) and North Carolina Biotechnology Center ($21.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 51% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $2.0m (6.8% of expenses). Other salaries and wages came to $11.2m. It paid $250k in professional fundraising fees. At year end it held assets of $89.2m against liabilities of $26.9m, net assets of $62.3m. It reported 509 employees.