Newark Symphony Orchestra Inc

Analysis

Newark Symphony Orchestra Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in July 1980, 46 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, Newark Symphony Orchestra Inc reported income of $147k and spending of $137k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $109k to $147k (+35%), an average of +35% a year. The sharpest change came in the year to June 2024, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newark Symphony Orchestra Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 41st percentile within DE. Charities of a similar size with the same main cause include Tai Village Inc ($147k), Friends of the Mansfield Female College Museum Inc ($147k) and Northern Colorado Potters Guild & Studio ($147k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 24% of the total. At year end it held assets of $265k against liabilities of $862, net assets of $264k.