Florida West Coast Symphony Inc: $66.5M Revenue, $11.1M Program 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. 78.0% of expenses ($11.1M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (63/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2024.
Key Facts (2024 Form 990)
- Total Revenue
- $66.5M
- Total Expenses
- $14.3M
- Program Expenses
- $11.1M
- Program Expense Ratio
- 78.0%
- Total Assets
- $83.5M
- Reserve Months
- 70.2 months
- EIN
- 592603081
- Latest 990 Year
- 2024
- Top Officer Compensation
- Not reported
The composite efficiency score of 63/100 puts Florida West Coast Symphony Inc at C — neither standout nor failing. Some factors run above the median (typically program spending) while others run below (typically reserves or trend stability).
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. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.
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. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. 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 directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 63/100 is 6 points below the Arts, Culture & Humanities category average. The organization holds 70.2 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Florida West Coast Symphony Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Florida West Coast Symphony Inc has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Florida West Coast Symphony Inc, Donor FAQ
Florida West Coast Symphony Inc has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Florida West Coast Symphony Inc is not reported in the most recent IRS 990 filing on file.
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.
For every dollar donated to Florida West Coast Symphony Inc, approximately 78.0 cents goes to program activities. The organization has 70.2 months of operating reserves, providing financial stability to sustain its mission.
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.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.