Fort Smith Symphony Association Inc

Analysis

Fort Smith Symphony Association Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in December 1965, 61 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, Fort Smith Symphony Association Inc reported income of $708k and spending of $847k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $722k to $708k (-2.0%), an average of -0.5% a year. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Smith Symphony Association Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within AR. Charities of a similar size with the same main cause include Saint Louis Story Stitchers Artists Collective ($707k), Na Maka O Puuwai Aloha - Foundation ($708k) and Victoria Symphony Society Inc ($707k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $237k. At year end it held assets of $2.3m against liabilities of $111k, net assets of $2.1m. It reported 3 employees.