Anchorage Symphony Orchestra

Analysis

Anchorage Symphony Orchestra is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1953, 73 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Anchorage Symphony Orchestra reported income of $1.1m and spending of $1.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anchorage Symphony Orchestra sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within AK. Charities of a similar size with the same main cause include Economic Development & Financing Corporation ($1.1m), West Philadelphia Cultural Alliance ($1.1m) and Colorado Springs Conservatory Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 31% of the total. Other salaries and wages came to $250k. At year end it held assets of $978k against liabilities of $264k, net assets of $714k. It reported 40 employees.