San Angelo Symphony Society

Analysis

San Angelo Symphony Society is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in October 1952, 74 years ago. 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 2023, San Angelo Symphony Society reported income of $766k and spending of $830k, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $652k to $766k (+18%), an average of +4.1% a year. The sharpest change came in the year to May 2022, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Angelo Symphony Society sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Boys and Girls Club of Hamilton Inc ($766k), Mineral Area College Foundation Inc ($766k) and Community Choices Inc ($766k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $49k (6.0% of expenses). Other salaries and wages came to $244k. At year end it held assets of $1.9m against liabilities of $56k, net assets of $1.9m. It reported 152 employees.