Louisiana Symphony Association

Analysis

Louisiana Symphony Association is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in November 1970, 56 years ago. 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, Louisiana Symphony Association reported income of $1.3m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.3m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisiana Symphony Association sits at the 80th percentile: it is larger than about 80% 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 Apprenticeship Training Trust Fund of Local 269 ($1.3m), Generation Steam ($1.3m) and Optimum Learning Environments Charter School ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. Other salaries and wages came to $630k. At year end it held assets of $1.6m against liabilities of $298k, net assets of $1.3m. It reported 6 employees.