Southwest Florida Symphony Endowment Foundation Inc

Analysis

Southwest Florida Symphony Endowment Foundation Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in August 2002, 24 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southwest Florida Symphony Endowment Foundation Inc reported income of $918k and spending of $419k, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $95k to $918k (+866%), an average of +113% a year. The sharpest change came in the year to June 2021, when income rose by 771%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Florida Symphony Endowment Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Society of Asian Scientists and Engineers ($917k), Texas Biomedical Forum ($918k) and Gualala Arts ($917k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.