Abilene Philharmonic Association

Analysis

Abilene Philharmonic Association is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in May 1959, 67 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, Abilene Philharmonic Association reported income of $810k and spending of $922k, spending 114% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $630k to $810k (+29%), an average of +6.5% a year. The sharpest change came in the year to May 2022, when income rose by 75%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abilene Philharmonic Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Gun Owners Foundation ($810k), Jackson County Schneck Memorial Hospital Foundation Inc ($811k) and East End Arts & Humanities Council ($810k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 63% and program service revenue 23% of the total. Other salaries and wages came to $263k. At year end it held assets of $4.3m against liabilities of $163k, net assets of $4.2m. It reported 8 employees.