American Friends of the London Philharmonic Orchestra

Analysis

American Friends of the London Philharmonic Orchestra is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1968, 58 years ago. 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 2024, American Friends of the London Philharmonic Orchestra reported income of $376k and spending of $167k, leaving 56% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income fell from $395k to $376k (-4.8%), an average of -1.0% a year. The sharpest change came in the year to May 2020, when income rose by 181%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Friends of the London Philharmonic Orchestra sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include R2ise Inc ($376k), Shoals Entrepreneurial Center Inc ($376k) and Chico Velo Cycling Club ($376k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 74% of the total. At year end it held assets of $568k against liabilities of $1,550, net assets of $567k.