Academy of Music of the Paderewski Symphony Orchestra

Analysis

Academy of Music of the Paderewski Symphony Orchestra is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2002, 24 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 December 2023, Academy of Music of the Paderewski Symphony Orchestra reported income of $457k and spending of $401k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $457k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 37%. 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, Academy of Music of the Paderewski Symphony Orchestra sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Portland Experimental Theatre Ensemble ($457k), Kentucky Historical Society Foundation Inc ($457k) and Art Guild of Port Washington Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $187k (47% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.6m against liabilities of $1.2m, net assets of $488k. It reported 9 employees.