New England Symphonic Ensemble Inc

Analysis

New England Symphonic Ensemble Inc is a registered charity in United States, based in Chesapeak BCH, MD. It received its IRS tax-exemption ruling in October 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New England Symphonic Ensemble Inc reported income of $408k and spending of $410k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $306k to $408k (+33%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 92% 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 England Symphonic Ensemble 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 Wichita Grand Opera Inc ($408k), Central States Threshermen Reunion Inc ($408k) and Sofia Quintero Art and Cultural Center ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $23k (5.6% of expenses). At year end it held assets of $61k against liabilities of $0, net assets of $61k.