Austin Symphony Orchestra Society Endowment Fund Trust

Analysis

Austin Symphony Orchestra Society Endowment Fund Trust is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2007, 19 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Austin Symphony Orchestra Society Endowment Fund Trust reported income of $453k and spending of $635k, spending 140% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.3m to $453k (-80%), an average of -33% a year. The sharpest change came in the year to August 2023, when income dropped by 51%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Symphony Orchestra Society Endowment Fund Trust sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Mareck Center for Dance ($452k), Okeefe Educational Media ($453k) and Des Moines Wine Festival Foundation ($452k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $14.7m against liabilities of $0, net assets of $14.7m.