Lake Charles Symphony Inc

Analysis

Lake Charles Symphony Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in April 1968, 58 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 May 2023, Lake Charles Symphony Inc reported income of $293k and spending of $216k, leaving 26% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $149k to $293k (+96%), an average of +18% a year. The sharpest change came in the year to May 2022, when income rose by 148%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Charles Symphony Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within LA. Charities of a similar size with the same main cause include Public Safety Assistance Foundation ($292k), Pepin County Child Care Service Inc Route 1 ($293k) and Road Runners Club of America ($292k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $41k (19% of expenses). At year end it held assets of $537k against liabilities of $19k, net assets of $518k. It reported 1 employees.