New Philharmonia Orchestra of Massachusetts Inc

Analysis

New Philharmonia Orchestra of Massachusetts Inc is a registered charity in United States, based in Newton HLDS, MA. It received its IRS tax-exemption ruling in October 1995, 31 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 June 2024, New Philharmonia Orchestra of Massachusetts Inc reported income of $146k and spending of $185k, spending 126% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $372k to $146k (-61%), an average of -17% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 98% 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 Philharmonia Orchestra of Massachusetts Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Knauss Homestead Preservation Society ($146k), Bengali Association of Greater Atlanta ($146k) and Museum of Ashe County History Inc ($146k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $26k against liabilities of $6,471, net assets of $19k.