Phoenix Symphony Association

Analysis

Phoenix Symphony Association is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 1947, 79 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, Phoenix Symphony Association reported income of $8.3m and spending of $11.3m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.9m to $8.3m (-40%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 301%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phoenix Symphony Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include Memphis in May International Festival Inc ($8.3m), Pretend City the Childrens Museum of Orange County ($8.3m) and Arizona Diamondbacks Foundation Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $329k (2.9% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $7.9m against liabilities of $2.5m, net assets of $5.4m. It reported 235 employees.