Prince Georges Philharmonic

Analysis

Prince Georges Philharmonic is a registered charity in United States, based in Riverdale, MD. It received its IRS tax-exemption ruling in October 1977, 49 years ago. 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 2023, Prince Georges Philharmonic reported income of $159k and spending of $188k, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $154k to $159k (+3.6%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prince Georges Philharmonic sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($159k), Myrtle House Ministries ($159k) and Elkhorn Valley Historical Society of Norfolk ($159k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $51k (27% of expenses). At year end it held assets of $91k against liabilities of $0, net assets of $91k.