Huntsville Symphony Orchestra Foundation

Analysis

Huntsville Symphony Orchestra Foundation is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation reported income of $97k and spending of $187k, spending 193% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $97k (-92%), an average of -47% a year. The sharpest change came in the year to June 2023, when income dropped by 71%. Over the whole period it spent 22% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Huntsville Symphony Orchestra Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within AL. Charities of a similar size with the same main cause include Mustaches for Kids Twin Cities ($97k), New Jersey State Federation of Womens Clubs ($97k) and Pleasant Hill Foundation ($97k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $3.2m against liabilities of $7,000, net assets of $3.2m.