Baltimore Symphony Orchestra Inc

Analysis

Baltimore Symphony Orchestra Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1944, 82 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 2022, Baltimore Symphony Orchestra Inc reported income of $26.9m and spending of $28.5m, spending 106% of what it took in. Across the 4 years on record, from August 2019 to August 2022, income grew from $23.0m to $26.9m (+17%), an average of +5.4% a year. The sharpest change came in the year to August 2022, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Baltimore Symphony Orchestra Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Cincinnati Museum Center ($26.9m), Cincinnati Museum Association ($26.9m) and North Texas Public Broadcasting Inc ($26.9m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 79% and program service revenue 20% of the total. Other salaries and wages came to $13.9m. At year end it held assets of $8.5m against liabilities of $19.8m, net assets of -$11.3m. It reported 433 employees.