Waco Symphony Foundation

Analysis

Waco Symphony Foundation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, Waco Symphony Foundation reported income of $171k and spending of $37k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $171k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Waco Symphony Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Flux Foundation ($171k), Fountain Inn Museum Inc ($171k) and Cherry Lane Alternative Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.