Symphony Volunteers Inc

Analysis

Symphony Volunteers Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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 2024, Symphony Volunteers Inc reported income of $275k and spending of $304k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $146k to $275k (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Symphony Volunteers Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include Arkrock Academy ($275k), Tuscarora Township Volunteer Fire Assoc Inc ($275k) and Palacios Community Hub ($275k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Other salaries and wages came to $58k. At year end it held assets of $285k against liabilities of $1,409, net assets of $284k. It reported 8 employees.