Johnson City Symphony Orchestra Inc

Analysis

Johnson City Symphony Orchestra Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in April 1976, 50 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, Johnson City Symphony Orchestra Inc reported income of $307k and spending of $361k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $245k to $307k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 147%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Johnson City Symphony Orchestra Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($307k), Tufts College Alumni Association Inc ($307k) and Village Center for the Arts Inc ($307k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $74k. At year end it held assets of $188k against liabilities of $17k, net assets of $171k. It reported 2 employees.