Spokane Symphony Orchestraendowment Fund

Analysis

Spokane Symphony Orchestraendowment Fund is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in October 1980, 46 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Spokane Symphony Orchestraendowment Fund reported income of $717k and spending of $851k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $624k to $717k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2020, when income rose by 430%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spokane Symphony Orchestraendowment Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Asante Art Institute of Indianapolis Inc ($717k), Berkshire Scenic Railway Museum Inc ($717k) and Californians for the Arts ($717k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% of the total. At year end it held assets of $12.6m against liabilities of $49k, net assets of $12.5m.