New Haven Symphony Orchestra Inc

Analysis

New Haven Symphony Orchestra Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in January 1952, 74 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 Haven Symphony Orchestra Inc reported income of $2.7m and spending of $2.5m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $2.7m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 86% 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 Haven Symphony Orchestra Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Gillioz Center for Arts and Entertainment ($2.7m), Negative Population Growth Inc ($2.7m) and Provincetown Art Association and Museum Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $214k (8.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.8m against liabilities of $151k, net assets of $4.7m. It reported 295 employees.