Abilene Philharmonic Foundation

Analysis

Abilene Philharmonic Foundation is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in January 1990, 36 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Abilene Philharmonic Foundation reported income of $497k and spending of $125k, leaving 75% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $184k to $497k (+170%), an average of +28% a year. The sharpest change came in the year to May 2022, when income rose by 992%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Abilene Philharmonic Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Enacte Arts Inc ($497k), Ballad Research Institute ($497k) and Primavera Fund ($497k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 60% of the total. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.