Olympia Symphony Orchestra

Analysis

Olympia Symphony Orchestra is a registered charity in United States, based in Tumwater, WA. It received its IRS tax-exemption ruling in November 1968, 58 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, Olympia Symphony Orchestra reported income of $435k and spending of $468k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $413k to $435k (+5.1%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olympia Symphony Orchestra sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Transportation Solutions Foundation ($434k), Nottingham Volunteer Fire Company ($435k) and El Teatro Campesino ($434k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $56k (12% of expenses). Other salaries and wages came to $231k. At year end it held assets of $1.0m against liabilities of $57k, net assets of $970k. It reported 115 employees.