Society for New Music

Analysis

Society for New Music is a registered charity in United States, based in Manlius, NY. It received its IRS tax-exemption ruling in August 1976, 50 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, Society for New Music reported income of $202k and spending of $149k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $174k to $202k (+16%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for New Music sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Soli Chamber Ensemble ($202k), Central Washington Agricultural Museum ($202k) and Arconet ($202k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 12% of the total. Other salaries and wages came to $20k. At year end it held assets of $182k against liabilities of $0, net assets of $182k.