Riverside Symphony Inc

Analysis

Riverside Symphony Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1983, 43 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 2022, Riverside Symphony Inc reported income of $420k and spending of $458k, spending 109% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $563k to $420k (-26%), an average of -9.4% a year. The sharpest change came in the year to June 2020, when income dropped by 43%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverside Symphony Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Community Theater Inc ($420k), National Society of the Daughters of the American Revolution ($420k) and Materials Exchange Center for Community Arts ($420k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $84k (18% of expenses). Other salaries and wages came to $199k. At year end it held assets of $257k against liabilities of $2,384, net assets of $255k. It reported 4 employees.