Flagstaff Symphony Association

Analysis

Flagstaff Symphony Association is a registered charity in United States, based in Flagstaff, AZ. It received its IRS tax-exemption ruling in March 1965, 61 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Flagstaff Symphony Association reported income of $517k and spending of $599k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $547k to $517k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Flagstaff Symphony Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within AZ. Charities of a similar size with the same main cause include National Society of Colonial Dames of America ($516k), Wintriss Technical Schools Inc ($517k) and National Great Blacks in Wax Museum ($516k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $77k (13% of expenses). Other salaries and wages came to $227k. At year end it held assets of $552k against liabilities of $232k, net assets of $320k. It reported 140 employees.