Symphony League of Beaumont Inc

Analysis

Symphony League of Beaumont Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in August 1986, 40 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, Symphony League of Beaumont Inc reported income of $148k and spending of $129k, spending 87% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $122k to $148k (+22%), an average of +5.1% a year. The sharpest change came in the year to May 2022, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Symphony League of Beaumont Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Nebraska Human Resources Research Foundation Inc ($148k), Bothell Family Cooperative Preschool ($148k) and Boise Music Week ($148k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 124% and program service revenue 32% of the total. At year end it held assets of $480k against liabilities of $78k, net assets of $403k.