New Jersey Capital Philharmonic Orchestra Inc

Analysis

New Jersey Capital Philharmonic Orchestra Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in January 2015, 11 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 September 2023, New Jersey Capital Philharmonic Orchestra Inc reported income of $355k and spending of $357k, spending 101% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $221k to $355k (+61%), an average of +17% a year. The sharpest change came in the year to September 2022, when income rose by 55%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Jersey Capital Philharmonic Orchestra Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Quad Cities Community Broadcasting Group Inc ($355k), Community Rejuvenation Project Inc ($355k) and Washington D C International Film Festival Inc ($355k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Other salaries and wages came to $146k. At year end it held assets of $65k against liabilities of $36k, net assets of $29k. It reported 124 employees.