Philadelphia Orchestra Association Trust -Endowment Fund-

Analysis

Philadelphia Orchestra Association Trust -Endowment Fund- is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1934, 92 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Philadelphia Orchestra Association Trust -Endowment Fund- reported income of $1.3m and spending of $1.3m, spending 102% of its income. The sharpest change came in the year to December 2021, when income rose by 210%. Over the whole period it spent 469% 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 Trust -Endowment Fund- sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Gulf Specimen Marine Laboratories Inc ($1.3m), Charlotte Street Foundation ($1.3m) and National Monuments Foundation Inc ($1.3m).

Compensation of current officers, directors and key employees was $20k (1.6% of expenses). At year end it held assets of $17.9m against liabilities of $0, net assets of $17.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.