Boston Festival Orchestra Inc

Analysis

Boston Festival Orchestra Inc is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in February 2022, 4 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 August 2023, Boston Festival Orchestra Inc reported income of $194k and spending of $201k, spending 104% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $155k to $194k (+25%), an average of +25% a year. The sharpest change came in the year to August 2023, when income rose by 25%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston Festival Orchestra Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Together in Dance Inc a New Jersey Nonprofit Corp ($194k), Hood River County Heritage Council ($194k) and Hessel School House Corporation ($194k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. At year end it held assets of $25k against liabilities of $60k, net assets of -$34k.