Prescott Symphony Organization

Analysis

Prescott Symphony Organization is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in November 1998, 28 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 December 2023, Prescott Symphony Organization reported income of $182k and spending of $211k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $238k to $182k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prescott Symphony Organization sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within AZ. Charities of a similar size with the same main cause include Western Neighborhood Project ($182k), Dances of Universal Peace International ($182k) and Mt Blue Community Access TV Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.