Mid-Texas Symphony Society

Analysis

Mid-Texas Symphony Society is a registered charity in United States, based in Seguin, TX. It received its IRS tax-exemption ruling in January 1979, 47 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 June 2023, Mid-Texas Symphony Society reported income of $526k and spending of $429k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $222k to $526k (+137%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 83%. 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, Mid-Texas Symphony Society sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Volunteers of America Inc ($526k), Bells Educare Pre School and Daycare Center ($526k) and Warrior Surf Foundation ($526k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $64k (15% of expenses). Other salaries and wages came to $11k. At year end it held assets of $711k against liabilities of $199k, net assets of $512k. It reported 2 employees.