Charity Search / PHOENIX SYMPHONY ASSOCIATION
Arts, Culture & Humanities (A690) IRS Verified DX Registered 990 on File

PHOENIX SYMPHONY ASSOCIATION

EIN: 86-6000134 · PHOENIX, AZ 85004-2538 · United States · FY 2023 Data
3 out of 5 53 / 100 Based on 2+ years of filings
Financial strength (30%) 75/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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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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Organization Details
EIN
86-6000134
State
AZ
City
PHOENIX
ZIP
85004-2538
Classification
A690
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1947
Foundation Code
16
Form 990
On File
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