Gulf Coast Symphony Orchestra Inc

Analysis

Gulf Coast Symphony Orchestra Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in January 1998, 28 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, Gulf Coast Symphony Orchestra Inc reported income of $2.0m and spending of $2.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.0m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gulf Coast Symphony Orchestra Inc 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 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Society for the Preservation of Maryland Antiquities ($2.0m), Atlanta Interfaith Broadcasters Inc ($2.0m) and American Friends of the Musee Orsay ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Other salaries and wages came to $511k. At year end it held assets of $327k against liabilities of $1.0m, net assets of -$675k. It reported 17 employees.