New Bedford Symphony Orchestra Association Inc

Analysis

New Bedford Symphony Orchestra Association Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in March 1958, 68 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New Bedford Symphony Orchestra Association Inc reported income of $1.7m and spending of $1.6m, spending 96% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.3m to $1.7m (+31%), an average of +9.4% a year. The sharpest change came in the year to August 2022, when income rose by 96%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Bedford Symphony Orchestra Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include The H E Art Project ($1.7m), Ethiopian and Eritrean Cultural and Resource Center ($1.7m) and Counterpublic ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $133k (8.1% of expenses). At year end it held assets of $5.2m against liabilities of $110k, net assets of $5.0m. It reported 220 employees.