Philharmonia Foundation

Analysis

Philharmonia Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1979, 47 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 May 2024, Philharmonia Foundation reported income of $181k and spending of $119k, leaving 35% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income fell from $358k to $181k (-49%), an average of -16% a year. The sharpest change came in the year to May 2024, when income rose by 103%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philharmonia Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Kristin Chenoweth Arts and Education Fund ($181k), Hall of Fame Foundation Inc ($181k) and Radio Eye Inc ($181k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $312k against liabilities of $2,054, net assets of $310k.