Plano Symphony Orchestra Non-Profit Corp

Analysis

Plano Symphony Orchestra Non-Profit Corp is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in June 1984, 42 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Plano Symphony Orchestra Non-Profit Corp reported income of $1.5m and spending of $1.8m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.5m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Plano Symphony Orchestra Non-Profit Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Troopers Drum and Bugle Corps Inc ($1.5m), Musicalfare Theatre Company Inc ($1.6m) and Appalachian Artisan Center of Kentucky Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $160k (9.1% of expenses). Other salaries and wages came to $339k. At year end it held assets of $1.8m against liabilities of $883k, net assets of $888k. It reported 10 employees.