Galveston Symphony Orchestra Inc

Analysis

Galveston Symphony Orchestra Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in September 1979, 47 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 August 2023, Galveston Symphony Orchestra Inc reported income of $281k and spending of $301k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $213k to $281k (+32%), an average of +7.2% a year. The sharpest change came in the year to August 2022, when income rose by 76%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Galveston Symphony Orchestra Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Latino Center of Art and Culture ($281k), Tacoma Youth Chorus ($281k) and The National Academies Corporation ($281k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.