Knoxville Symphony Foundation

Analysis

Knoxville Symphony Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 2002, 24 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Knoxville Symphony Foundation reported income of $307k and spending of $394k, spending 128% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $818k to $307k (-63%), an average of -22% a year. The sharpest change came in the year to May 2023, when income rose by 111%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Knoxville Symphony Foundation sits at the 69th percentile: it is larger than about 69% 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 Wham ($307k), Trail of History Incorporated ($307k) and Alexandria & Akeas Playhouse Inc ($307k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $10.9m against liabilities of $0, net assets of $10.9m.