Greater Bridgeport Symphony Society Inc

Analysis

Greater Bridgeport Symphony Society Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in December 1947, 79 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 April 2024, Greater Bridgeport Symphony Society Inc reported income of $386k and spending of $601k, spending 156% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income fell from $526k to $386k (-26%), an average of -6.0% a year. The sharpest change came in the year to April 2024, when income dropped by 40%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Bridgeport Symphony Society Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include International Gymnastives Association Inc ($386k), Tubman Gardens Inc ($386k) and Sunrise Child Care Inc ($386k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 71% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $66k (11% of expenses). At year end it held assets of $175k against liabilities of $56k, net assets of $119k. It reported 117 employees.