Riverside Symphonia Inc

Analysis

Riverside Symphonia Inc is a registered charity in United States, based in Lambertville, NJ. It received its IRS tax-exemption ruling in October 1994, 32 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, Riverside Symphonia Inc reported income of $228k and spending of $259k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $239k to $228k (-4.5%), an average of -1.1% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverside Symphonia Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Essie B & William Earl Glenn Foundation for Better Living ($228k), Aquinas High School Endowment Fund ($228k) and Lutheran Border Concerns Ministry ($228k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Other salaries and wages came to $66k. At year end it held assets of $227k against liabilities of $51k, net assets of $176k. It reported 91 employees.