Irving Symphony Association

Analysis

Irving Symphony Association is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in October 1968, 58 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 May 2024, Irving Symphony Association reported income of $540k and spending of $553k, spending 102% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $498k to $540k (+8.3%), an average of +1.6% a year. The sharpest change came in the year to May 2022, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Irving Symphony Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Voices of Music Inc ($540k), Artist Outreach Inc ($540k) and Council for Electronic Revenue Communication Advancement ($539k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. It paid $2,181 in professional fundraising fees. At year end it held assets of $44k against liabilities of $35k, net assets of $8,869.