New Albany Symphony Orchestra Inc

Analysis

New Albany Symphony Orchestra Inc is a registered charity in United States, based in New Albany, OH. It received its IRS tax-exemption ruling in March 2008, 18 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 August 2023, New Albany Symphony Orchestra Inc reported income of $605k and spending of $482k, leaving 20% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $294k to $605k (+106%), an average of +20% a year. The sharpest change came in the year to August 2022, when income rose by 62%. Over the whole period it spent 80% 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 Albany Symphony Orchestra Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Education Foundation of the Louisiana Restaurant Assoc Inc ($605k), The Museum of Western Art Foundation ($605k) and Russell J Efros Foundation Inc ($605k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $117k (24% of expenses). At year end it held assets of $620k against liabilities of $190k, net assets of $430k. It reported 2 employees.