East Texas Symphony Orchestra

Analysis

East Texas Symphony Orchestra is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in February 1960, 66 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, East Texas Symphony Orchestra reported income of $1.3m and spending of $1.2m, spending 97% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $956k to $1.3m (+34%), an average of +6.0% a year. The sharpest change came in the year to May 2022, when income rose by 129%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, East Texas Symphony Orchestra sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Mount Wilson Institute ($1.3m), Martin Auto Museum Inc ($1.3m) and Near West Theatre ($1.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 66% and program service revenue 29% of the total. Other salaries and wages came to $195k. At year end it held assets of $4.5m against liabilities of $76k, net assets of $4.4m. It reported 5 employees.