Symphony of Southeast Texas Inc

Analysis

Symphony of Southeast Texas Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in February 1953, 73 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 2024, Symphony of Southeast Texas Inc reported income of $1.0m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $827k to $1.0m (+24%), an average of +5.5% a year. The sharpest change came in the year to May 2024, when income rose by 21%. 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 of Southeast Texas Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Economic Progress Institute ($1.0m), Cameron Childrens Development Center Inc ($1.0m) and Lasalle School Foundation ($1.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 57% and program service revenue 32% of the total. Other salaries and wages came to $304k. At year end it held assets of $1.0m against liabilities of $379k, net assets of $665k. It reported 6 employees.