Monmouth Symphony Orchestra

Analysis

Monmouth Symphony Orchestra is a registered charity in United States, based in Milltown, NJ. It received its IRS tax-exemption ruling in June 2022, 4 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 2021, Monmouth Symphony Orchestra reported income of $54k and spending of $12k, leaving 79% of income unspent that year. Across the 3 years on record, from June 2019 to June 2021, income grew from $53k to $54k (+2.0%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 86%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monmouth Symphony Orchestra sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Voz Latina Broadcasting Inc ($54k), Travelers Rest Historical Society the ($54k) and Cambria Scarecrow Festival Inc ($54k).

On its Form 990-EZ for the period ending June 2021, revenue came from contributions and grants 87% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.