Florida West Coast Symphony Inc: $66.5M Revenue, $14.3M Expenses
Sarasota, Florida · EIN 592603081 · Filing year 2024
Florida West Coast Symphony Inc reported $66.5M in total revenue, $14.3M in total expenses, and $83.5M in total assets on its 2024 IRS Form 990. Total compensation for current officers and key employees was $710K (1.07% of revenue). NonprofitTruth efficiency grade: C (59/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2024.
Key Facts (2024 Form 990)
- Total Revenue
- $66.5M
- Total Expenses
- $14.3M
- Total Assets
- $83.5M
- Reserve Months
- 70.2 months
- Surplus / (Deficit)
- $52.2M
- EIN
- 592603081
- Latest 990 Year
- 2024
- Current-Officer Compensation
- $710K
- Officer Comp % of Revenue
- 1.07%
The composite efficiency score of 59/100 puts Florida West Coast Symphony Inc at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).
At $66.5M in 2024 revenue, Florida West Coast Symphony Inc sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Reserves are the limiting factor: Florida West Coast Symphony Inc carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.
Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Florida West Coast Symphony Inc reported $66.5M in 2024, up notably from the start of the window. Officer compensation is modest relative to organizational size: Florida West Coast Symphony Inc reports $709,696 in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $66.5M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Florida West Coast Symphony Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How Florida West Coast Symphony Inc Compares
Florida West Coast Symphony Inc earns a NonprofitTruth efficiency grade of C (59/100). That is 3 points above the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 1.07% of total revenue. The organization holds 70.2 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Florida West Coast Symphony Inc reported $66.5M in revenue against $14.3M in total functional expenses for filing year 2024, holding roughly 70.2 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $710K in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.07% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
Get Florida West Coast Symphony Inc's next Form 990 grade
Subscribe for NonprofitTruth updates by email. No spam, unsubscribe anytime.
Florida West Coast Symphony Inc has a NonprofitTruth Efficiency Score of C (59/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Florida West Coast Symphony Inc, Donor FAQ
Florida West Coast Symphony Inc has a NonprofitTruth Efficiency Score of C (59/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Florida West Coast Symphony Inc reports $710K in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.07% of the organization's $66.5M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Florida West Coast Symphony Inc reported $66.5M in annual revenue and $14.3M in total expenses for filing year 2024. The organization holds $83.5M in total assets.
Florida West Coast Symphony Inc holds approximately 70.2 months of operating reserves (total assets relative to annual expenses) based on its 2024 IRS Form 990, one input into its C efficiency grade.
Florida West Coast Symphony Inc is a registered 501(c) organization with EIN 592603081, based in Sarasota, Florida. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Arts, Culture & Humanities Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.