Rochester Philharmonic Orchestra Inc

Analysis

Rochester Philharmonic Orchestra Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rochester Philharmonic Orchestra Inc reported income of $15.6m and spending of $11.8m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $15.6m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rochester Philharmonic Orchestra Inc sits at the 99th 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 Metropolitan Indianapolis Public Media Inc ($15.6m), Film at Lincoln Center Inc ($15.6m) and Ayn Rand Institute the Center for the Advancement of Objectivism ($15.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $471k (4.0% of expenses). Other salaries and wages came to $5.7m. It paid $83k in professional fundraising fees. At year end it held assets of $23.3m against liabilities of $6.7m, net assets of $16.6m. It reported 316 employees.