Montgomery Symphony Association

Analysis

Montgomery Symphony Association is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in January 1981, 45 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 September 2023, Montgomery Symphony Association reported income of $754k and spending of $835k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $704k to $754k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montgomery Symphony Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include Foundation for Korean Language & Culture in the USA ($753k), Nevada Falun Dafa Association ($754k) and The Institute for New Economic Thinking Inc ($753k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $62k (7.4% of expenses). Other salaries and wages came to $157k. At year end it held assets of $5.1m against liabilities of $5,967, net assets of $5.0m. It reported 4 employees.