Norwalk Symphony Society

Analysis

Norwalk Symphony Society is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in August 1957, 69 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, Norwalk Symphony Society reported income of $488k and spending of $546k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $372k to $488k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norwalk Symphony Society sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Art Theatre of Long Beach ($488k), Waldo Theater Inc ($488k) and Northeast Texas Childrens Museum ($488k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 47% of the total. Other salaries and wages came to $342k. At year end it held assets of $234k against liabilities of $17k, net assets of $217k. It reported 159 employees.