Shreveport Symphony Inc

Analysis

Shreveport Symphony Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in March 2012, 14 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, Shreveport Symphony Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shreveport Symphony Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Diatribe Inc ($1.3m), Jungle Theatre ($1.3m) and The Woodrow Wilson Presidential Library Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Other salaries and wages came to $883k. At year end it held assets of $906k against liabilities of $135k, net assets of $771k. It reported 190 employees.