Greenwich Symphony Orchestra Inc

Analysis

Greenwich Symphony Orchestra Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in January 1959, 67 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, Greenwich Symphony Orchestra Inc reported income of $623k and spending of $773k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income grew from $553k to $623k (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 102%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenwich Symphony Orchestra Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include National Ranger Memorial Foundation Inc ($622k), Historic Vogue Theatre of Manistee ($623k) and Cape Cinema Inc ($622k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $88k (11% of expenses). Other salaries and wages came to $595k. At year end it held assets of $2.2m against liabilities of $17k, net assets of $2.2m. It reported 128 employees.