Lewisville Lake Symphony Association Inc

Analysis

Lewisville Lake Symphony Association Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in July 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 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 September 2023, Lewisville Lake Symphony Association Inc reported income of $141k and spending of $149k, spending 106% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $133k to $141k (+5.9%), an average of +5.9% a year. 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, Lewisville Lake Symphony Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Sound Board ($141k), Dance Iquail Inc ($141k) and Monroe Area Council for the Arts ($141k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 3.3% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.