Victoria Symphony Society Inc

Analysis

Victoria Symphony Society Inc is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in November 1976, 50 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Victoria Symphony Society Inc reported income of $707k and spending of $722k, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $672k to $707k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to May 2022, when income rose by 92%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victoria Symphony Society Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Greater Uniontown Heritage Consortium ($707k), Saint Louis Story Stitchers Artists Collective ($707k) and Seattle Repertory Theatre Foundation ($707k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 56% and program service revenue 23% of the total. Other salaries and wages came to $123k. At year end it held assets of $625k against liabilities of $156k, net assets of $469k. It reported 3 employees.