Lubbock Symphony Guild Inc

Analysis

Lubbock Symphony Guild Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in July 1985, 41 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 May 2024, Lubbock Symphony Guild Inc reported income of $79k and spending of $86k, spending 108% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $117k to $79k (-33%), an average of -9.4% a year. The sharpest change came in the year to May 2022, when income rose by 69%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lubbock Symphony Guild Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include India School Inc ($79k), Latah County Historical Foundation Inc ($79k) and Woodside Community Theatre Inc ($79k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $365k against liabilities of $0, net assets of $365k.