Lakewood Symphony Orchestra

Analysis

Lakewood Symphony Orchestra is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in November 1989, 37 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, Lakewood Symphony Orchestra reported income of $105k and spending of $66k, leaving 38% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $73k to $105k (+44%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 57%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakewood Symphony Orchestra sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within CO. Charities of a similar size with the same main cause include Sav-A-Life of Covington County Inc ($105k), Richland Senior Citizens Housing Phase IV Inc ($105k) and Roll Call of North Texas ($105k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 33% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.