Buffalo Philharmonic Orchestra Society Inc

Analysis

Buffalo Philharmonic Orchestra Society Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in October 1942, 84 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 August 2023, Buffalo Philharmonic Orchestra Society Inc reported income of $14.0m and spending of $14.5m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $14.5m to $14.0m (-3.9%), an average of -1.0% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buffalo Philharmonic Orchestra Society Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include French International School of Oregon ($13.9m), American Economic Association Inc ($14.0m) and Commonwealth Center for Advanced Manufacturing ($13.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 62% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $479k (3.3% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $12.8m against liabilities of $2.6m, net assets of $10.2m. It reported 460 employees.