Longwood Symphony Orchestra Inc

Analysis

Longwood Symphony Orchestra Inc is a registered charity in United States, based in West Newton, MA. It received its IRS tax-exemption ruling in October 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Longwood Symphony Orchestra Inc reported income of $228k and spending of $278k, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $286k to $228k (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Longwood Symphony Orchestra Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Arte Flamenco Dance Theatre ($228k), Guthrie Center Corp ($228k) and Vivace Youth Chorus of San Jose ($228k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $80k (29% of expenses). At year end it held assets of $322k against liabilities of $14k, net assets of $308k. It reported 2 employees.