Waco Symphony Association Inc

Analysis

Waco Symphony Association Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in April 1964, 62 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Waco Symphony Association Inc reported income of $1.1m and spending of $1.0m, spending 92% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $969k to $1.1m (+13%), an average of +3.2% a year. The sharpest change came in the year to April 2022, when income rose by 167%. Over the whole period it spent 98% 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 Association Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Lincoln Hills Cares Foundation ($1.1m), Artpace Inc ($1.1m) and Shirley-Eustis House Association ($1.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $112k (11% of expenses). Other salaries and wages came to $89k. At year end it held assets of $559k against liabilities of $113k, net assets of $446k. It reported 4 employees.