Rock Hill Symphony Orchestra

Analysis

Rock Hill Symphony Orchestra is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in November 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rock Hill Symphony Orchestra reported income of $368k and spending of $236k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $73k to $368k (+402%), an average of +50% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rock Hill Symphony Orchestra sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include Kyrgyz Community Center ($368k), Stepping Stone Museum Association Inc ($368k) and Amargosa Opera House Inc ($368k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $28k (12% of expenses). Other salaries and wages came to $16k. At year end it held assets of $231k against liabilities of $0, net assets of $231k.