Arkansas Symphony Orchestra Foundation

Analysis

Arkansas Symphony Orchestra Foundation is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 1993, 33 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arkansas Symphony Orchestra Foundation reported income of $2.2m and spending of $453k, leaving 80% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $453k to $2.2m (+396%), an average of +49% a year. The sharpest change came in the year to June 2021, when income rose by 1820%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arkansas Symphony Orchestra Foundation 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 87th percentile within AR. Charities of a similar size with the same main cause include Staten Island Childrens Museum ($2.2m), Herbert Berghof Studio Inc ($2.2m) and Eugenio Maria de Hostos Community College Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $10.1m against liabilities of $0, net assets of $10.1m.