Meridian Symphony Association Inc

Analysis

Meridian Symphony Association Inc is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in October 1964, 62 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 May 2023, Meridian Symphony Association Inc reported income of $496k and spending of $619k, spending 125% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $376k to $496k (+32%), an average of +9.7% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Meridian Symphony Association Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MS. Charities of a similar size with the same main cause include Coos Art Museum ($496k), Moroccan Jewish Heritage Federation Inc ($496k) and Central Dakota Enterprises Inc ($496k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 56% and program service revenue 41% of the total. Other salaries and wages came to $128k. At year end it held assets of $243k against liabilities of $28k, net assets of $215k. It reported 4 employees.