Bozeman Symphony Society

Analysis

Bozeman Symphony Society is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in May 1968, 58 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 2024, Bozeman Symphony Society reported income of $2.1m and spending of $2.2m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $827k to $2.1m (+152%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bozeman Symphony Society 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 86th percentile, and in the 88th percentile within MT. Charities of a similar size with the same main cause include North Central Minority Supplier Dev ($2.1m), Westmoreland County Federated Library System ($2.1m) and Safe Passage Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $128k (5.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $887k against liabilities of $639k, net assets of $248k. It reported 180 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.