Huntsville Symphony Orchestra Association

Analysis

Huntsville Symphony Orchestra Association is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in July 1957, 69 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 2023, Huntsville Symphony Orchestra Association reported income of $1.9m and spending of $2.0m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.9m (-7.2%), an average of -1.9% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Huntsville Symphony Orchestra Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Independent Curators International ($1.9m), Friends of the Lobkowicz Collections Inc ($1.9m) and Historical Society of Michigan ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $89k (4.4% of expenses). Other salaries and wages came to $891k. At year end it held assets of $647k against liabilities of $414k, net assets of $233k. It reported 211 employees.