Symphony of the Americas Inc

Analysis

Symphony of the Americas Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in February 1990, 36 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 August 2022, Symphony of the Americas Inc reported income of $1.0m and spending of $1.1m, spending 102% of its income. Across the 4 years on record, from August 2019 to August 2022, income fell from $1.3m to $1.0m (-18%), an average of -6.5% a year. The sharpest change came in the year to August 2022, when income rose by 102%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Symphony of the Americas Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Rendezvous Pointe ($1.0m), Sublette County Historical Society Inc a Foundation ($1.0m) and Wear Blue Run to Remember ($1.0m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $100k (9.4% of expenses). Other salaries and wages came to $242k. At year end it held assets of $323k against liabilities of $196k, net assets of $127k. It reported 7 employees.