Ridgefield Symphony Orchestra Inc

Analysis

Ridgefield Symphony Orchestra Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in October 1967, 59 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, Ridgefield Symphony Orchestra Inc reported income of $366k and spending of $420k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $297k to $366k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ridgefield Symphony Orchestra Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Media Alliance Inc ($366k), Danceast Collective ($366k) and Buffalo Theatre Ensemble Corp ($366k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $233k. At year end it held assets of $357k against liabilities of $224k, net assets of $133k. It reported 102 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.