Greater Newburgh Symphony Orchestra Corp

Analysis

Greater Newburgh Symphony Orchestra Corp is a registered charity in United States, based in Newburgh, NY. It received its IRS tax-exemption ruling in May 1995, 31 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 July 2023, Greater Newburgh Symphony Orchestra Corp reported income of $305k and spending of $339k, spending 111% of what it took in. Across the 4 years on record, from July 2019 to July 2023, income grew from $280k to $305k (+8.9%), an average of +2.9% a year. The sharpest change came in the year to July 2022, when income rose by 93%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Newburgh Symphony Orchestra Corp sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Friends of Lincolnville Inc ($305k), Detroit Artists Market ($305k) and Jackson County Historical Society ($305k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. At year end it held assets of $253k against liabilities of $5,000, net assets of $248k.