Eastern Connecticut Symphony Inc

Analysis

Eastern Connecticut Symphony Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in October 1954, 72 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, Eastern Connecticut Symphony Inc reported income of $767k and spending of $898k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $691k to $767k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eastern Connecticut Symphony Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Human Agenda ($767k), East Mississippi Center for Educational Development Inc ($767k) and The Jack & Shirley Lubeznik Center for the Arts Inc ($767k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 23% of the total. Other salaries and wages came to $320k. At year end it held assets of $5.0m against liabilities of $151k, net assets of $4.9m. It reported 60 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.