Idaho Falls Symphony Society Inc

Analysis

Idaho Falls Symphony Society Inc is a registered charity in United States, based in Idaho Falls, ID. It received its IRS tax-exemption ruling in October 1968, 58 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Idaho Falls Symphony Society Inc reported income of $617k and spending of $619k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $465k to $617k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Idaho Falls Symphony Society Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within ID. Charities of a similar size with the same main cause include World Media Foundation Inc ($617k), Shazur Interwoven Inc ($617k) and Somali Artifact and Cultural Museum ($617k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $152k (25% of expenses). Other salaries and wages came to $146k. At year end it held assets of $530k against liabilities of $106k, net assets of $424k. It reported 93 employees.