Kennett Symphony of Chester County

Analysis

Kennett Symphony of Chester County is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in November 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Kennett Symphony of Chester County reported income of $255k and spending of $377k, spending 148% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $412k to $255k (-38%), an average of -11% a year. The sharpest change came in the year to August 2022, when income rose by 30%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kennett Symphony of Chester County sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Wilmington Railroad Museum Foundation Inc ($255k), Liberty Arts Inc ($255k) and Aurora Historical Society ($255k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 40% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $33k (8.8% of expenses). Other salaries and wages came to $137k. At year end it held assets of $196k against liabilities of $121k, net assets of $75k. It reported 108 employees.