Salzburg Festival Society Inc

Analysis

Salzburg Festival Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, Salzburg Festival Society Inc reported income of $736k and spending of $775k, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $528k to $736k (+39%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salzburg Festival Society Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Woodlands Trust for Historic Preservation ($736k), Aspire Higher Foundation Inc ($736k) and Central Valley Center for the Arts Inc ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $131k (17% of expenses). At year end it held assets of $410k against liabilities of $61k, net assets of $349k. It reported 1 employees.