Jackson Symphony Association

Analysis

Jackson Symphony Association is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in February 1969, 57 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 2024, Jackson Symphony Association reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $858k to $1.3m (+49%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jackson Symphony Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Young Artists of America Inc ($1.3m), International Society for Biological and Environmental Repos ($1.3m) and Adventureland Institute Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $107k (8.5% of expenses). Other salaries and wages came to $338k. At year end it held assets of $941k against liabilities of $78k, net assets of $862k. It reported 15 employees.