Philadelphia Orchestra Association

Analysis

Philadelphia Orchestra Association is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1937, 89 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 August 2023, Philadelphia Orchestra Association reported income of $55.2m and spending of $58.0m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $98.8m to $55.2m (-44%), an average of -14% a year. The sharpest change came in the year to August 2022, when income rose by 87%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philadelphia Orchestra Association sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Rock and Roll Hall of Fame and Museum Inc ($54.8m), The Colorado Museum of Natural History ($55.7m) and American Society for Microbiology ($54.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $3.8m (6.6% of expenses). Other salaries and wages came to $24.3m. It paid $130k in professional fundraising fees. At year end it held assets of $214.7m against liabilities of $24.6m, net assets of $190.1m. It reported 463 employees.