Catskill Symphony Orchestra

Analysis

Catskill Symphony Orchestra is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in April 1975, 51 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 2024, Catskill Symphony Orchestra reported income of $266k and spending of $332k, spending 125% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $229k to $266k (+16%), an average of +3.1% a year. The sharpest change came in the year to June 2024, when income rose by 81%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Catskill Symphony Orchestra sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Heart & Soul ($266k), Providence Neighborhood Planting Program ($266k) and Houston Hispanic Architects & Engineers Society Inc ($266k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $35k (11% of expenses). Other salaries and wages came to $119k. At year end it held assets of $464k against liabilities of $39k, net assets of $425k. It reported 103 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.