Southern Arizona Symphony Orchestra Association

Analysis

Southern Arizona Symphony Orchestra Association is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1981, 45 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 April 2024, Southern Arizona Symphony Orchestra Association reported income of $235k and spending of $216k, spending 92% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $249k to $235k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to April 2021, when income rose by 106%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Arizona Symphony Orchestra Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within AZ. Charities of a similar size with the same main cause include Scottish Rite Foundation of Wyoming ($235k), Paterson Eye and Ear Infirmary ($235k) and John Hart Hunter Educational FNDN Inc ($235k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 66% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $45k (21% of expenses). At year end it held assets of $979k against liabilities of $38k, net assets of $941k.