Alabama Symphonic Association Inc

Analysis

Alabama Symphonic Association Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in December 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alabama Symphonic Association Inc reported income of $5.6m and spending of $6.3m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.8m to $5.6m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. 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, Alabama Symphonic Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within AL. Charities of a similar size with the same main cause include 18th Street Arts Complex ($5.6m), Turtle Bay Exploration Park ($5.6m) and Arts Commission of Greater Toledo Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 21% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $2.0m against liabilities of $496k, net assets of $1.5m. It reported 79 employees.