Westchester Philharmonic Inc

Analysis

Westchester Philharmonic Inc is a registered charity in United States, based in White Plains, 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, Westchester Philharmonic Inc reported income of $394k and spending of $456k, spending 116% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income fell from $543k to $394k (-27%), an average of -6.2% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westchester Philharmonic Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Winslow Arts Trust ($394k), Northwest Tibetan Cultural Association ($394k) and Aspire Creative Arts Program ($394k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $97k (21% of expenses). Other salaries and wages came to $17k. At year end it held assets of $46k against liabilities of $1,383, net assets of $44k. It reported 1 employees.