Big Spring Symphony Association Incorporated

Analysis

Big Spring Symphony Association Incorporated is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in January 2018, 8 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 May 2024, Big Spring Symphony Association Incorporated reported income of $140k and spending of $165k, spending 118% of what it took in. Across the 3 years on record, from May 2020 to May 2024, income fell from $301k to $140k (-54%), an average of -32% a year. The sharpest change came in the year to May 2023, when income dropped by 51%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Big Spring Symphony Association Incorporated sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Arts One Presents Inc ($140k), Vermont Center for Photography ($140k) and Alpha Womens Center Inc ($140k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 91% and program service revenue 9.4% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.