Wellesley Symphony Orchestra Inc

Analysis

Wellesley Symphony Orchestra Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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 2024, Wellesley Symphony Orchestra Inc reported income of $102k and spending of $77k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $76k to $102k (+35%), an average of +35% a year. The sharpest change came in the year to June 2024, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellesley Symphony Orchestra Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include The Peters Township Library Foundation ($102k), Rockford Marlins Swim Club ($102k) and Clay Township Indep Volunteer Fire Dept of Bartholomew County Inc ($102k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 33% of the total. At year end it held assets of $283k against liabilities of $0, net assets of $283k.