New England Philharmonic Inc

Analysis

New England Philharmonic Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New England Philharmonic Inc reported income of $156k and spending of $149k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $155k to $156k (+1.1%), an average of +1.1% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Philharmonic Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Advocates for Better Health - the Foundation ($156k), Williamsburg Area Memorial ($156k) and Alabama Historical Association ($156k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 6.8% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.