Symphony Workforce Foundation

Analysis

Symphony Workforce Foundation is a registered charity in United States, based in Bennington, NE. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Symphony Workforce Foundation reported income of $150k and spending of $159k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $684k to $150k (-78%), an average of -78% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Symphony Workforce Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NE. Charities of a similar size with the same main cause include Education Foundation of the Ccim Institute ($150k), Junior Welfare Society ($150k) and Ubuntu Community Catalyst Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (25% of expenses). At year end it held assets of $25k against liabilities of $11k, net assets of $14k. It reported 2 employees.