Allen Philharmonic Symphony Inc

Analysis

Allen Philharmonic Symphony Inc is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in August 1998, 28 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 December 2023, Allen Philharmonic Symphony Inc reported income of $227k and spending of $303k, spending 133% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $203k to $227k (+12%), an average of +5.7% a year. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allen Philharmonic Symphony Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Ballet Texas ($227k), Conejo Oaks Symphony Inc ($227k) and Stage of Life Theatre Company ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.