Park Avenue Chamber Symphony Inc

Analysis

Park Avenue Chamber Symphony Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2003, 23 years ago. 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, Park Avenue Chamber Symphony Inc reported income of $115k and spending of $112k, spending 97% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $85k to $115k (+36%), an average of +36% a year. The sharpest change came in the year to August 2023, when income rose by 36%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Avenue Chamber Symphony Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include PTA Arkansas Congress ($115k), Volunteers of America Inc ($115k) and Chemists Club ($115k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $28k against liabilities of $1,584, net assets of $27k.