Richardson Symphony Inc

Analysis

Richardson Symphony Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in June 1965, 61 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 June 2023, Richardson Symphony Inc reported income of $921k and spending of $693k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $437k to $921k (+111%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Richardson Symphony Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include North Country Childrens Museum ($921k), The Rappahannock Association for the Arts and the Community Inc ($921k) and Neighborhood Studios of Fairfield County Inc ($921k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $79k (11% of expenses). Other salaries and wages came to $65k. At year end it held assets of $291k against liabilities of $214k, net assets of $77k. It reported 5 employees.