Roswell Symphony Orchestra Inc

Analysis

Roswell Symphony Orchestra Inc is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in January 1962, 64 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 2023, Roswell Symphony Orchestra Inc reported income of $262k and spending of $305k, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $307k to $262k (-15%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roswell Symphony Orchestra Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NM. Charities of a similar size with the same main cause include Bosnian American Association Inc ($262k), Lyra ($262k) and Collaborative Earth Institute ($262k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $42k (14% of expenses). At year end it held assets of $160k against liabilities of $776, net assets of $159k. It reported 2 employees.