Ridgewood Symphony Orchestra

Analysis

Ridgewood Symphony Orchestra is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in February 2017, 9 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 December 2023, Ridgewood Symphony Orchestra reported income of $75k and spending of $85k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $75k (-4.5%), an average of -4.5% a year. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ridgewood Symphony Orchestra sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Stages Bloomington Company ($75k), Oconomowoc Festival of the Arts Ltd ($75k) and Creative Floral Arrangers of the Americas ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.