Northern Kentucky Symphony Inc

Analysis

Northern Kentucky Symphony Inc is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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, Northern Kentucky Symphony Inc reported income of $715k and spending of $650k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $467k to $715k (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Kentucky Symphony Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($715k), Arc of Hudson County ($715k) and Athleticare Sports Health Foundation Inc ($715k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $140k (22% of expenses). Other salaries and wages came to $93k. At year end it held assets of $856k against liabilities of $153k, net assets of $703k. It reported 3 employees.