Overview
What is The Philharmonic Symphony Society Of Ny Inc?
The Philharmonic Symphony Society of New York Inc, commonly known as the New York Philharmonic, is a renowned nonprofit organization based in New York City. This esteemed institution plays a significant role in New York City's cultural landscape, the US, and the world at large. By connecting with up to 50 million music enthusiasts each season through live concerts and global tours, the Philharmonic fosters and maintains an appreciation for music, particularly symphonic music. The mission of this illustrious organization encompasses four essential aspects: fostering interest in music enjoyment, promoting symphonic music globally, presenting musical performances at David Geffen Hall and various venues, and broadcasting audio and visual recordings and live performances over radio, television, and the internet.
Official website here: www.nyphil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Philharmonic Symphony Society of NY Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial management practices. With a score of 92%, the organization showcases a high level of transparency, demonstrated by its independent board structure and comprehensive policies that address conflicts of interest, whistleblower protections, and document retention. These factors contribute to a solid foundation of trust for donors and stakeholders.
Strengths of the organization include its 98% independent board members and an effective audit committee, both of which help ensure sound governance. The charity also has a strong financial position, highlighted by a low liabilities to assets ratio and a favorable working capital ratio, indicating that it is well-equipped to manage its financial obligations. Additionally, the organization has listed its tax forms and board members on its website, further promoting transparency.
However, there are areas for improvement, particularly in the program expense ratio, which stands at 64.06%. This suggests that a smaller portion of its budget is allocated to its programs compared to its administrative and fundraising expenses. Furthermore, the fundraising efficiency ratio indicates that for every dollar raised, there is a higher cost involved, highlighting the need for more effective fundraising strategies. Overall, while the organization demonstrates strong financial accountability, enhancing program funding and efficiency could strengthen its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is The Philharmonic Symphony Society Of Ny Inc legitimate?
The Philharmonic Symphony Society Of Ny Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Philharmonic Symphony Society Of Ny Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,340,417
Professional Fundraising Fees: $254,460
Other Salaries and Wages: $33,921,089
For more financial information, click here
Official website here: www.nyphil.org
What is the mission statement of The Philharmonic Symphony Society Of Ny Inc?
The Philharmonic Symphony Society of New York Inc aims to cultivate and nurture a passion for music and musical events. Their mission extends beyond New York City, as they work to inspire an interest in symphonic music on a global scale. The Society's objectives include fostering appreciation for music and presenting various musical performances, both in-person and through recordings and broadcasts. They offer symphonic and other musical performances in various venues, in addition to delivering audio and visual recordings and live performances over radio, television, and the internet. The Society's activities are centered around maintaining and growing the enjoyment of music for its members and the wider audience.
Official website here: www.nyphil.org
Who is the CEO of The Philharmonic Symphony Society Of Ny Inc?
Gary Ginstling is the CEO of The Philharmonic Symphony Society Of Ny Inc The CEO's salary of The Philharmonic Symphony Society Of Ny Inc is $172,262 and their total compensation is $172,470.
Official website here: www.nyphil.org
What is the revenue of The Philharmonic Symphony Society Of Ny Inc?
The Philharmonic Symphony Society Of Ny Inc's revenue in 2023 was $96,912,834.
Official website here: www.nyphil.org
Who are the executives of The Philharmonic Symphony Society Of Ny Inc and what are their salaries?
The average compensation at The Philharmonic Symphony Society Of Ny Inc during 2023 was $48,371. There are 791 employees and 128 volunteers at The Philharmonic Symphony Society Of Ny Inc.
Here are 67 key members and their salaries (The Philharmonic Symphony Society Of Ny Inc's CEO's salary is $172,262 and their total compensation is $172,470):
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Official website here: www.nyphil.org
Where can I find the form 990 for The Philharmonic Symphony Society Of Ny Inc?
The Philharmonic Symphony Society Of Ny Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nyphil.org
Learn more at the official website: www.nyphil.org
Mission Statement of The Philharmonic Symphony Society Of Ny Inc
The Philharmonic Symphony Society of New York, also known as the New York Philharmonic, is a prestigious organization dedicated to fostering and nurturing an appreciation for music and musical affairs. Its primary goal is to instill a deep interest in symphonic music among individuals, not just in New York City but around the world. The Society achieves this mission in several ways.
First and foremost, it strives to maintain and foster a growing enthusiasm for music and musical events. By doing so, it aspires to inspire and cultivate a passion for symphonic music, transcending geographical boundaries and reaching a global audience. Additionally, the New York Philharmonic presents symphonic and other musical performances at David Geffen Hall and various other venues. These live events offer audiences the opportunity to experience the power and beauty of symphonic music firsthand.
Moreover, the organization extends its reach beyond in-person performances by delivering audio and visual recordings and live broadcasts of their performances over the radio, television, and the internet. This broad dissemination of their performances allows them to engage with a larger audience, who may not be able to attend live events due to geographical or logistical constraints. Through these efforts, the Philharmonic Symphony Society of New York continues to foster interest and appreciation for music, enriching the lives of countless individuals.
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Impact
October, 2024
The Philharmonic Symphony Society of New York Inc. plays a transformative role in the cultural landscape of New York City and beyond, significantly enhancing the appreciation and enjoyment of music. By connecting with up to 50 million music lovers annually through live concerts and worldwide tours, its impact is felt on a global scale. The organization fosters a deep interest in symphonic music among diverse audiences and nurtures a vibrant community of music enthusiasts.
Through its performances at iconic venues like David Geffen Hall and various other locations, it presents a rich array of symphonic and musical experiences that resonate with audiences of all ages. Additionally, the Society extends its reach by delivering audio and visual recordings and live performances through radio, television, and online platforms, making music accessible to a broader audience. This commitment to the appreciation of music contributes to cultural education and engagement, influencing new generations to embrace the beauty of symphonic works and musical affairs.
This information is meant to be a general summary of The Philharmonic Symphony Society Of Ny Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,963,928
- Program Service Revenue: $30,488,810
- Gross Receipts: $114,432,452
Assets and Liabilities:
- Total Assets: $578,204,274
- Total Liabilities: $155,275,466
- Net Assets: $422,928,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT RECEIPTS
Revenue
$29,763,470
EDUCATIONAL PROGRAMS
Revenue
$534,710
RECORDING & BROADCAST
Revenue
$190,630
Organization Details
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