Longmont Symphony Society Inc

Analysis

Longmont Symphony Society Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in January 1974, 52 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, Longmont Symphony Society Inc reported income of $638k and spending of $626k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $343k to $638k (+86%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Longmont 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 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include The Center for Contemporary Art ($637k), Act 2 Inc ($638k) and Motorcyclepedia ($637k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 37% of the total. Other salaries and wages came to $113k. At year end it held assets of $317k against liabilities of $126k, net assets of $191k. It reported 7 employees.