Queens Symphony Orchestra Inc

Analysis

Queens Symphony Orchestra Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in March 1957, 69 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 2023, Queens Symphony Orchestra Inc reported income of $350k and spending of $395k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $492k to $350k (-29%), an average of -8.1% a year. The sharpest change came in the year to June 2020, when income dropped by 24%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Queens Symphony Orchestra Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Florida Fruit & Vegetable Research & Education Foundation Inc ($350k), Casa Italia Inc ($350k) and Hui Ho Olana ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $136k against liabilities of $24k, net assets of $112k.