Fort Collins Symphony Assn

Analysis

Fort Collins Symphony Assn is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in March 1952, 74 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 May 2023, Fort Collins Symphony Assn reported income of $780k and spending of $882k, spending 113% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $709k to $780k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to May 2022, when income rose by 88%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Collins Symphony Assn sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($780k), From His Presence Inc ($780k) and Richmond Symphony Foundation ($779k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $65k (7.4% of expenses). Other salaries and wages came to $369k. At year end it held assets of $457k against liabilities of $190k, net assets of $267k. It reported 75 employees.