South Texas Symphony Association Inc

Analysis

South Texas Symphony Association Inc is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in October 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, South Texas Symphony Association Inc reported income of $799k and spending of $900k, spending 113% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $774k to $799k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to May 2022, when income rose by 93%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Texas Symphony Association Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Lismore Road Inc ($798k), Grand Rapids Art Museum Foundation ($799k) and Malashock Dance & Company ($798k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $84k (9.4% of expenses). Other salaries and wages came to $145k. At year end it held assets of $690k against liabilities of $87k, net assets of $603k. It reported 7 employees.