Indian River Symphonic Association Inc

Analysis

Indian River Symphonic Association Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in March 1995, 31 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 June 2024, Indian River Symphonic Association Inc reported income of $548k and spending of $543k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $381k to $548k (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 280%. 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, Indian River Symphonic Association 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 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Seward Park Art Studio ($548k), Dashboard Co-Op Inc ($548k) and Main Street Theatre Dance Alliance ($547k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 60% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.4m against liabilities of $271k, net assets of $1.1m. It reported 1 employees.