Philadelphia Sinfonia Association Inc

Analysis

Philadelphia Sinfonia Association Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1998, 28 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 Sinfonia Association Inc reported income of $469k and spending of $442k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $325k to $469k (+44%), an average of +9.6% a year. The sharpest change came in the year to August 2022, when income rose by 54%. Over the whole period it spent 100% 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 Sinfonia Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Berks Community Television ($469k), WR Arts Inc ($470k) and Historic Crab Orchard Museum & Pioneer Park Inc ($469k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $64k (14% of expenses). Other salaries and wages came to $132k. At year end it held assets of $423k against liabilities of $204k, net assets of $220k. It reported 5 employees.