Paderewski Symphony Orchestra

Analysis

Paderewski Symphony Orchestra is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1997, 29 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, Paderewski Symphony Orchestra reported income of $178k and spending of $168k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $262k to $178k (-32%), an average of -7.4% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paderewski Symphony Orchestra sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Little Theatre of Norfolk ($178k), Academy of Strings ($178k) and Oaklash ($178k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 35% of the total. Other salaries and wages came to $12k. At year end it held assets of $263k against liabilities of $118k, net assets of $145k. It reported 47 employees.