Philharmonic Society of N E Penna

Analysis

Philharmonic Society of N E Penna is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in March 1972, 54 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 2023, Philharmonic Society of N E Penna reported income of $578k and spending of $623k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $565k to $578k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philharmonic Society of N E Penna sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include America Abroad Media ($578k), North Carolina Health News Inc ($579k) and East Side Freedom Library ($578k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $72k (12% of expenses). Other salaries and wages came to $254k. At year end it held assets of $520k against liabilities of $128k, net assets of $392k. It reported 164 employees.