The Vancouver Symphony Orchestra

Analysis

The Vancouver Symphony Orchestra is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in May 1985, 41 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 2023, The Vancouver Symphony Orchestra reported income of $1.1m and spending of $1.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $725k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Vancouver Symphony Orchestra sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include St Vincent de Paul Charitable Enterprises Inc ($1.1m), Landmarks Foundation of Montgomery ($1.1m) and Dream Opportunity ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $1,645 (0.1% of expenses). Other salaries and wages came to $412k. At year end it held assets of $853k against liabilities of $412k, net assets of $441k. It reported 147 employees.