Salt Lake Symphony Orchestra

Analysis

Salt Lake Symphony Orchestra is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in October 1976, 50 years ago. 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 2024, Salt Lake Symphony Orchestra reported income of $118k and spending of $119k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $98k to $118k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salt Lake Symphony Orchestra sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within UT. Charities of a similar size with the same main cause include South Carolina Congress of Parents and Teachers ($118k), Titanic Historical Society Incorporated ($118k) and Virginia Congress of Parents and Teachers ($118k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 27% of the total. At year end it held assets of $179k against liabilities of $962, net assets of $178k.