Jupiter Symphony of New York Inc

Analysis

Jupiter Symphony of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Jupiter Symphony of New York Inc reported income of $770k and spending of $326k, leaving 58% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $622k to $770k (+24%), an average of +5.5% a year. The sharpest change came in the year to August 2023, when income rose by 24%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jupiter Symphony of New York 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 72nd percentile within NY. Charities of a similar size with the same main cause include Epic Players Inc ($770k), New Orleans Ballet Inc ($770k) and Fellows of Contemporary Art ($770k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $6,000 (1.8% of expenses). At year end it held assets of $5.5m against liabilities of $45k, net assets of $5.5m.