Charity Search / MADISON SYMPHONY ORCHESTRA INC
Arts, Culture & Humanities (A690) IRS Verified DX Registered 990 on File

MADISON SYMPHONY ORCHESTRA INC

EIN: 39-0839707 · MADISON, WI 53703-2744 · United States · FY 2025 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 86/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Mission Statement

The mission of the Madison Symphony Orchestra is to produce high quality concerts of orchestral, instrumental, vocal, and choral music, to educate and entertain audiences of all ages in the Madison area and beyond, and to advocate music as a universal language of expression and understanding.

Financial Overview — FY 2025
$6.8M
Total Revenue
$6.7M
Total Expenses
$7.0M
Net Assets
205
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 82.1%
Fundraising Efficiency 364.0%
Operating Reserve 12.57x
Liability-to-Asset 15.4%
Revenue Diversification 63.6%
Executive Compensation $673K
Compared with Peers
FY 2025
Compared with 1,930 similar organizations (United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2025.
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
82.1% 77.7%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
14.0% 14.2%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
3.9% 5.9%
P10P90
Above median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
364.0% 302.5%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
12.6 mo 15.8 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
15.4% 11.4%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
63.6% 70.6%
P10P90
Above median
Revenue growth
Year over year revenue growth
13.3% 7.9%
P10P90
Expense growth
Year over year expense growth
8.0% 5.4%
P10P90
Surplus margin
Surplus as a share of revenue
1.8% 0.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $6.8M $6.7M $7.0M 82.1% 205
2024 $6.0M $6.2M $6.8M 74.8% 199
2023 $5.6M $5.5M $6.8M 77.2% 205
2022 $6.0M $4.9M $6.5M 81.9% 143
2021 $3.8M $3.2M N/A 165
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Organization Details
EIN
39-0839707
State
WI
City
MADISON
ZIP
53703-2744
Classification
A690
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1926
Foundation Code
16
Form 990
On File
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