The Arkansas Symphony Orchestra Society Inc

Analysis

The Arkansas Symphony Orchestra Society Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in March 1966, 60 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, The Arkansas Symphony Orchestra Society Inc reported income of $7.7m and spending of $3.8m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $7.7m (+137%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Arkansas Symphony Orchestra Society Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within AR. Charities of a similar size with the same main cause include Colorado Education Initiative ($7.7m), Auburn Automotive Heritage Inc ($7.7m) and Sarasota Opera Association Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $22.6m against liabilities of $1.3m, net assets of $21.3m. It reported 166 employees.