Philadelphia Orchestra and Kimmel Center Inc

Analysis

Philadelphia Orchestra and Kimmel Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Philadelphia Orchestra and Kimmel Center Inc reported income of $4.4m and spending of $4.4m, spending 100% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $3.3m to $4.4m (+34%), an average of +34% a year. The sharpest change came in the year to August 2023, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philadelphia Orchestra and Kimmel Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Lion Global Foundation ($4.4m), American Dance Festival Inc ($4.4m) and Omaha Theater Company ($4.4m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $22k against liabilities of $25k, net assets of -$2,752.