Marshall Symphony Society

Analysis

Marshall Symphony Society is a registered charity in United States, based in Marshall, TX. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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, Marshall Symphony Society reported income of $277k and spending of $314k, spending 114% of what it took in. Across the 3 years on record, from May 2021 to May 2023, income fell from $370k to $277k (-25%), an average of -14% a year. The sharpest change came in the year to May 2022, when income dropped by 28%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marshall Symphony Society sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Yankton Area Riverboat Days Inc ($277k), Providence Singers Inc ($277k) and National Acupuncture Detoxification Association Inc ($277k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $123k. At year end it held assets of $358k against liabilities of $0, net assets of $358k.