Arts, Culture & Humanities
(A690)
IRS Verified
DX Registered
990 on File
PHOENIX SYMPHONY ASSOCIATION
Financial strength (30%)
75/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Our mission is to provide the joy of music as a catalyst in helping Arizona to become the best place in America to work and live. We will do this by creating high quality musical experiences: -to feed the souls of our residents -to bolster the cultural economy -to educate and strengthen our next generation resulting in a creative workforce.
Financial Overview — FY 2023
$8.3M
Total Revenue
$11.3M
Total Expenses
$5.4M
Net Assets
235
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
72.1%
Fundraising Efficiency
N/A
Operating Reserve
5.72x
Liability-to-Asset
31.7%
Revenue Diversification
50.8%
Executive Compensation
$329K
Compared with Peers
FY 2023
Compared with 655 similar organizations
(United States, Arts, Culture & Humanities, $10M–$100M 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
|
72.1% | 79.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.9% | 13.1% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.0% | 6.0% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.7 mo | 28.2 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
31.7% | 13.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
50.8% | 72.1% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-57.8% | -2.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
15.0% | 12.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-36.1% | 0.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $8.3M | $11.3M | $5.4M | 72.1% | 235 |
| 2022 | $19.6M | $9.8M | $7.9M | 70.4% | 182 |
| 2021 | $9.8M | $4.0M | N/A | — | 189 |
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