Schenectady Symphony Orchestra Association Inc

Analysis

Schenectady Symphony Orchestra Association Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in September 1972, 54 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 December 2023, Schenectady Symphony Orchestra Association Inc reported income of $190k and spending of $181k, spending 95% of its income. Across the 3 years on record, from June 2022 to December 2023, income grew from $69k to $190k (+174%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 278%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schenectady Symphony Orchestra Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include League of Women Voters of Maryland Inc ($190k), Hobgood Academy Inc ($190k) and Seva Circle ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $108k against liabilities of $41k, net assets of $67k.