Savannah Philharmonic Corporation

Analysis

Savannah Philharmonic Corporation is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in June 2009, 17 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 (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, Savannah Philharmonic Corporation reported income of $1.5m and spending of $1.9m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.5m (+0.6%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Savannah Philharmonic Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Alliance Francaise de Washington Inc ($1.5m), Association for Applied Sport Psychology ($1.5m) and Winter Park Playhouse Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $117k (6.2% of expenses). Other salaries and wages came to $522k. At year end it held assets of $707k against liabilities of $704k, net assets of $3,560. It reported 81 employees.