Arts, Culture & Humanities
(A690)
IRS Verified
DX Registered
990 on File
FAIRFAX SYMPHONY ORCHESTRA
Financial strength (30%)
70/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of the Fairfax Symphony Orchestra is to explore and present the symphonic repertoire, both traditional and modern, for the diverse audiences of the Northern Virginia region while building the musicians and audiences of the future through education and outreach programs.
Financial Overview — FY 2023
$710K
Total Revenue
$847K
Total Expenses
$314K
Net Assets
160
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
69.6%
Fundraising Efficiency
N/A
Operating Reserve
4.45x
Liability-to-Asset
8.5%
Revenue Diversification
67.1%
Executive Compensation
$206K
Compared with Peers
FY 2023
Compared with 16,965 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
69.6% | 81.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
27.1% | 14.0% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.4% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.5 mo | 10.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
8.5% | 1.9% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
67.1% | 79.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-30.1% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
13.8% | 13.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-19.4% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $710K | $847K | $314K | 69.6% | 160 |
| 2022 | $1.0M | $745K | $467K | 67.2% | 104 |
| 2021 | $434K | $399K | N/A | — | 68 |
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