Tuscaloosa Symphony Association Inc

Analysis

Tuscaloosa Symphony Association Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in October 1984, 42 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, Tuscaloosa Symphony Association Inc reported income of $432k and spending of $512k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $447k to $432k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tuscaloosa Symphony Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Asociacion Mayab ($432k), Lmsarcoma Direct Research Foundation ($432k) and The Scarab Club ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $70k (14% of expenses). Other salaries and wages came to $272k. At year end it held assets of $107k against liabilities of $75k, net assets of $31k. It reported 5 employees.