Lawton Philharmonic Society Inc

Analysis

Lawton Philharmonic Society Inc is a registered charity in United States, based in Lawton, OK. It received its IRS tax-exemption ruling in October 1963, 63 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 2024, Lawton Philharmonic Society Inc reported income of $277k and spending of $293k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income grew from $224k to $277k (+24%), an average of +7.4% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lawton Philharmonic Society 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 61st percentile within OK. Charities of a similar size with the same main cause include National Church Residences of ($277k), Amyotrophic Lateral Sclerosis Association ($277k) and Nanticoke Lenni-Lenape Indians Inc ($277k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $32k (11% of expenses). Other salaries and wages came to $110k. At year end it held assets of $90k against liabilities of $912, net assets of $89k. It reported 103 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.