New Britain Symphony Society Inc

Analysis

New Britain Symphony Society Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Britain Symphony Society Inc reported income of $132k and spending of $151k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $104k to $132k (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Britain Symphony Society Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Alaska Christian Ministry to Seafarers ($132k), Allison Hill Community Ministry ($132k) and Little League Baseball Inc ($132k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 4.7% of the total. At year end it held assets of $583k against liabilities of $0, net assets of $583k.