Corvallis-Osu Symphony Society

Analysis

Corvallis-Osu Symphony Society is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in November 1990, 36 years ago. 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 2024, Corvallis-Osu Symphony Society reported income of $145k and spending of $163k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $209k to $145k (-31%), an average of -30% a year. The sharpest change came in the year to June 2024, when income dropped by 31%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corvallis-Osu Symphony Society sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OR. Charities of a similar size with the same main cause include Lifegate Outreach ($145k), Douglas County Historical Society Inc ($145k) and New Hampshire Innovation and Creativity Connection ($145k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 42% of the total. At year end it held assets of $403k against liabilities of $1,350, net assets of $402k.