Great Falls Symphony Asso Inc

Analysis

Great Falls Symphony Asso Inc is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in March 1965, 61 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 June 2023, Great Falls Symphony Asso Inc reported income of $924k and spending of $1.2m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $753k to $924k (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Falls Symphony Asso Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within MT. Charities of a similar size with the same main cause include Kad-Esh Map Ministries Inc ($924k), Shakespeare Festival of Dallas ($925k) and Deliverance Manor Housing Corporation ($924k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $155k (13% of expenses). Other salaries and wages came to $398k. At year end it held assets of $2.6m against liabilities of $69k, net assets of $2.6m. It reported 123 employees.