South Florida Symphony Orchestra Inc

Analysis

South Florida Symphony Orchestra Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in May 1999, 27 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 2023, South Florida Symphony Orchestra Inc reported income of $2.2m and spending of $2.3m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.2m (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Florida 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 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Baptist Clinical Research Institute Inc ($2.2m), Organic Syntheses Inc Wayne State University ($2.2m) and Historical Society of Delaware ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $189k (8.1% of expenses). Other salaries and wages came to $286k. At year end it held assets of $102k against liabilities of $1.2m, net assets of -$1.1m. It reported 10 employees.