Glens Falls Symphony Orchestra Inc

Analysis

Glens Falls Symphony Orchestra Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in October 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 2023, Glens Falls Symphony Orchestra Inc reported income of $420k and spending of $387k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $455k to $420k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glens Falls Symphony Orchestra 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 Visalia Arts Consortium Inc ($420k), Portland Lyric Theater ($420k) and North-South Skirmish Association ($420k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 37% of the total. Other salaries and wages came to $137k. At year end it held assets of $559k against liabilities of $4,616, net assets of $554k. It reported 60 employees.