Allentown Symphony Association Inc

Analysis

Allentown Symphony Association Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in December 1956, 70 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 May 2023, Allentown Symphony Association Inc reported income of $3.5m and spending of $3.8m, spending 109% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $3.5m to $3.5m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to May 2022, when income rose by 80%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allentown Symphony Association Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Actors Gang Inc ($3.5m), Adventurous Minds Produce Extraordinary Dreams Inc ($3.5m) and Bronx Museum of the Arts ($3.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 68% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $298k (7.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $14.1m against liabilities of $605k, net assets of $13.5m. It reported 261 employees.