Reno Philharmonic Endowment Trust

Analysis

Reno Philharmonic Endowment Trust is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in June 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reno Philharmonic Endowment Trust reported income of $150k and spending of $220k, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $223k to $150k (-33%), an average of -9.5% a year. The sharpest change came in the year to June 2021, when income rose by 476%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reno Philharmonic Endowment Trust sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within NV. Charities of a similar size with the same main cause include Campus Ministry Inc ($150k), The RL Mace Universal Design Institute ($150k) and Social and Learning Institute Incorporated ($150k).

At year end it held assets of $4.9m against liabilities of $0, net assets of $4.9m.