Mid-Atlantic Symphony Orchestra Society Inc

Analysis

Mid-Atlantic Symphony Orchestra Society Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in October 1997, 29 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, Mid-Atlantic Symphony Orchestra Society Inc reported income of $422k and spending of $371k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $368k to $422k (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mid-Atlantic Symphony Orchestra Society Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Classic Motor Museum of St Michaels Inc ($422k), Mother Brook Arts and Community Center Inc ($422k) and Sudbury Access Corporation ($422k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 29% of the total. At year end it held assets of $179k against liabilities of $32k, net assets of $147k.