Gulf Coast Symphony Orchestra Inc

Analysis

Gulf Coast Symphony Orchestra Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in February 1978, 48 years ago. 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, Gulf Coast Symphony Orchestra Inc reported income of $311k and spending of $488k, spending 157% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $279k to $311k (+11%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gulf Coast Symphony Orchestra Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MS. Charities of a similar size with the same main cause include Crafton Public Library Assn ($311k), North Kansas City Hospital Auxiliary ($311k) and The Golden Chain Theater Corporation ($311k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $129k (26% of expenses). At year end it held assets of $237k against liabilities of $40k, net assets of $197k. It reported 5 employees.