Worcester Symphony Orchestra Inc

Analysis

Worcester Symphony Orchestra Inc is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in February 1977, 49 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 June 2024, Worcester Symphony Orchestra Inc reported income of $83k and spending of $100k, spending 120% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $73k to $83k (+14%), an average of +14% a year. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Worcester Symphony Orchestra Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Hibernian Cultural and Charitable Association Inc ($83k), Bosniak American Advisory Council for Bosnia and Herzegovina Inc ($83k) and Arts Council of Lincoln County Inc ($83k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 35% of the total. At year end it held assets of $119k against liabilities of $134k, net assets of -$15k.