Erie Philharmonic

Analysis

Erie Philharmonic is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in April 1948, 78 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, Erie Philharmonic reported income of $2.4m and spending of $2.9m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.4m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Erie Philharmonic sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Texas Energy Museum Foundation ($2.4m), Psychoanalytic Electronic Publishing Inc Joint Venture ($2.5m) and El Rancho de Las Golondrinas Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $99k (3.4% of expenses). Other salaries and wages came to $1.1m. It paid $26k in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $732k, net assets of $3.8m. It reported 273 employees.