Vienna Philharmonic Society

Analysis

Vienna Philharmonic Society is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, Vienna Philharmonic Society reported income of $172k and spending of $202k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $179k to $172k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vienna Philharmonic Society sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include The Art Experience Inc ($172k), Conductors Retreat at Medomak ($172k) and Jilkatt Kwann Cultural Heritage Center - Bald Eagle Observatory ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 143% of the total. At year end it held assets of $294k against liabilities of $105k, net assets of $189k.