Atlantic Symphony Orchestra Inc

Analysis

Atlantic Symphony Orchestra Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in June 2012, 14 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 June 2023, Atlantic Symphony Orchestra Inc reported income of $372k and spending of $329k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $257k to $372k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Atlantic Symphony Orchestra Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Homer Laughlin China Collectors Association ($371k), Eugene Opera ($372k) and Bismarck-Mandan Orchestral Assn ($371k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $145k. At year end it held assets of $79k against liabilities of $8,495, net assets of $70k. It reported 5 employees.