Nittany Valley Symphony Inc

Analysis

Nittany Valley Symphony Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in March 1989, 37 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, Nittany Valley Symphony Inc reported income of $107k and spending of $115k, spending 107% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $104k to $107k (+2.8%), an average of +2.8% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nittany Valley Symphony 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 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include The Carnegie Center for SRTS and History Tennessee ($107k), Troy Sale Barn Operating Corporation ($107k) and Youth Choral Theater of Chicago ($107k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 5.7% of the total. At year end it held assets of $368k against liabilities of $1,011, net assets of $367k.