Peoples Symphony Concerts

Analysis

Peoples Symphony Concerts is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1939, 87 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 2023, Peoples Symphony Concerts reported income of $627k and spending of $605k, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $658k to $627k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to May 2022, when income rose by 108%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peoples Symphony Concerts 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 69th percentile within NY. Charities of a similar size with the same main cause include The Antiquarian Society ($626k), Kansas Music Educators Association ($627k) and Arts of Southern Kentucky Foundation Inc ($626k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 51% and program service revenue 37% of the total. At year end it held assets of $7.2m against liabilities of $29k, net assets of $7.1m.