Corpus Christi Symphony Society Inc

Analysis

Corpus Christi Symphony Society Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in April 1946, 80 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, Corpus Christi Symphony Society Inc reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.2m to $1.0m (-12%), an average of -3.1% a year. The sharpest change came in the year to May 2022, when income rose by 102%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corpus Christi Symphony Society Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Homer Society of Natural History Inc ($1.0m), Harbor Springs Area Historical Society ($1.0m) and San Benito County Arts Council ($1.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $185k. At year end it held assets of $742k against liabilities of $160k, net assets of $582k.