Bay-Atlantic Symphony

Analysis

Bay-Atlantic Symphony is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in June 1986, 40 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 December 2023, Bay-Atlantic Symphony reported income of $545k and spending of $632k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $542k to $545k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay-Atlantic Symphony sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Alabama Multifamily Loan Consortium ($545k), Al-Noor Society of Greater Houston ($545k) and China Ministries International ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $67k (11% of expenses). Other salaries and wages came to $120k. At year end it held assets of $59k against liabilities of $121k, net assets of -$61k. It reported 5 employees.