Philharmonic-Symphony Society Of New York Inc

Organization Overview

Philharmonic-Symphony Society Of New York Inc, operating under the name New York Philharmonic, is located in New York, NY. The organization was established in 1928. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, New York Philharmonic employed 791 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Philharmonic is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2023, New York Philharmonic generated $96.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $91.9m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS, AND TO INCULCATE AN INTEREST IN SYMPHONIC MUSIC AMONG ITS MEMBERS IN NEW YORK CITY AND ACROSS THE WORLD.

Describe the Organization's Program Activity:

SEE SCHEDULE O.


SEE SCHEDULE O.


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Board, Officers & Key Employees

Name (title)Compensation
Peter W May
Co-Chairman
$0
Oscar L Tang
Co-Chairman
$0
Laura Y Chang
Vice Chair
$0
Karen T Lefrak
Vice Chair
$0
Daria L Wallach
Vice Chair
$0
Linda W Hart
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bajada Productions Llc
Conductor
$1,525,711
Cambridge Associates Llc
Consultants
$695,648
Executive Diagnostics Llc
Covid Testing Lab
$600,811
High Point Networks Llc
It Manangement Services
$492,881
Situation Marketing Llc
Marketing Agency
$434,913
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$264,249
Membership dues$0
Fundraising events$10,558,569
Related organizations$0
Government grants $2,101,775
All other contributions, gifts, grants, and similar amounts not included above$48,669,158
Noncash contributions included in lines 1a–1f $8,275,326
Total Revenue from Contributions, Gifts, Grants & Similar$61,593,751
Total Program Service Revenue$30,488,810
Investment income $4,963,928
Tax Exempt Bond Proceeds $0
Royalties $33,245
Net Rental Income $0
Net Gain/Loss on Asset Sales -$12,415
Net Income from Fundraising Events -$244,533
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$24,883
Miscellaneous Revenue$0
Total Revenue $96,912,834

Peer Organizations

Organization NameAssets
Boston Symphony Orchestra Inc
Boston, MA
$116,038,188
Philharmonic-Symphony Society Of New York Inc
New York, NY
$96,912,834
Philadelphia Orchestra Association
Philadelphia, PA
$76,775,994
Pittsburgh Symphony Inc
Pittsburgh, PA
$30,739,984
New Jersey Symphony Orchestra
Newark, NJ
$14,023,665
Buffalo Philharmonic Orchestra Society Inc
Buffalo, NY
$13,950,774
Rochester Philharmonic Orchestra Inc
Rochester, NY
$11,403,809
Hartford Symphony Orchestra Inc
Hartford, CT
$4,513,074
Cape Arts & Entertainment Inc
West Barnstable, MA
$3,715,453
Allentown Symphony Association Inc
Allentown, PA
$3,482,479
Boston Youth Symphony Orchestra Inc
Boston, MA
$7,291,406
Princeton Symphony Orchestra Inc
Princeton, NJ
$2,561,737
Albany Symphony Orchestra Inc
Albany, NY
$4,231,453
Harrisburg Symphony Association
Harrisburg, PA
$3,202,386
Musical Associates Of Central New York Inc
Syracuse, NY
$2,772,846
Orpheus Chamber Orchestra Inc
New York, NY
$3,713,284
Boston Philharmonic Orchestra Corporation
Boston, MA
$3,244,291
New York Pops Inc
New York, NY
$2,770,507
American Symphony Orchestra Inc
New York, NY
$2,647,978
New Haven Symphony Orchestra Inc
New Haven, CT
$2,672,898
Orchestra Lumos Inc
Stamford, CT
$1,758,901
Vermont Symphony Orchestra Inc
Burlington, VT
$1,576,200
New York Youth Symphony Inc
New York, NY
$1,757,142
Springfield Symphony Orchestra
Springfield, MA
$1,387,741
Philadelphia Youth Orchestra
Philadelphia, PA
$1,913,662

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