National Philharmonic Orchestra & Chorale of Mongomery County Inc

Analysis

National Philharmonic Orchestra & Chorale of Mongomery County Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in October 1984, 42 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 2023, National Philharmonic Orchestra & Chorale of Mongomery County Inc reported income of $2.3m and spending of $3.4m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.3m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Philharmonic Orchestra & Chorale of Mongomery County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Connecticut Historical Society ($2.3m), Kute Inc ($2.3m) and Pai Foundation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $170k (5.0% of expenses). Other salaries and wages came to $553k. At year end it held assets of $1.2m against liabilities of $2.7m, net assets of -$1.5m. It reported 198 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.