Mississippi Symphony Orchestra Association

Analysis

Mississippi Symphony Orchestra Association is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in July 1945, 81 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, Mississippi Symphony Orchestra Association reported income of $2.3m and spending of $2.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mississippi Symphony Orchestra Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include New Era Culture & Education Center Inc ($2.3m), Sultana Education Foundation Inc ($2.3m) and Association for the Advancement of Sustainability in Higher Education ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $254k (12% of expenses). Other salaries and wages came to $793k. At year end it held assets of $1.3m against liabilities of $347k, net assets of $904k. It reported 139 employees.