El Paso Symphony Foundation

Analysis

El Paso Symphony Foundation is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, El Paso Symphony Foundation reported income of $259k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $4,704 to $259k (+5407%), an average of +172% a year. The sharpest change came in the year to April 2021, when income rose by 1342%. Over the whole period it spent 0.9% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Paso Symphony Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Community Women Against Hardship ($259k), Habitat for Humanity International Inc ($259k) and Bend Ice ($259k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.1m against liabilities of $14k, net assets of $2.1m.