Midland Odessa Symphony and Chorale Inc

Analysis

Midland Odessa Symphony and Chorale Inc is a registered charity in United States, based in Miidland, TX. It received its IRS tax-exemption ruling in September 1969, 57 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, Midland Odessa Symphony and Chorale Inc reported income of $916k and spending of $1.4m, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $916k (-19%), an average of -5.0% a year. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midland Odessa Symphony and Chorale 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 Piney Woods Fine Arts Association ($916k), National Academy of Human Resources Foundation ($916k) and Association of the Los Altos Historical Museum ($915k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $88k (6.3% of expenses). Other salaries and wages came to $670k. At year end it held assets of $3.7m against liabilities of $40k, net assets of $3.7m. It reported 160 employees.