The Anchorage Symphony Orchestra Endowment Foundation

Analysis

The Anchorage Symphony Orchestra Endowment Foundation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in March 1999, 27 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, The Anchorage Symphony Orchestra Endowment Foundation reported income of $87k and spending of $113k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $128k to $87k (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2021, when income rose by 147%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Anchorage Symphony Orchestra Endowment Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within AK. Charities of a similar size with the same main cause include Grace Dance Theater of Philadelphia Inc ($87k), Cherry Hill Potters Guild ($87k) and Huachuca Art Association Inc ($87k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.