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Arts, Culture, Humanities : Performing Arts

CN Advisory: Moderate Concern

Baltimore Symphony Orchestra

Providing symphonic concerts, cultural and educational resources

three stars

81.92

1212 Cathedral Street Baltimore, MD 21201
tel: (410) 783-8100   Web Site
EIN: 52-0629696

Board Leadership
Barry F. Rosen
Chair

CEO
Peter T. Kjome
President & CEO

CN CN CN LOW

CN CN CN HIGH

Baltimore Symphony Orchestra’s audit states that Baltimore Symphony Orchestra has an “Emphasis of Matter Regarding Going Concern” that is outlined in Note 2. It reads, “the Symphony has experienced, and continues to experience, significant decreases in unrestricted net assets. These conditions raise substantial doubt regarding the Symphony's ability to continue as a going concern..” For this reason, we have issued this Moderate Concern CN Advisory. For more information, please see the FYE 2018 Audit.


The nature of the concerns raised in this organization's Financial Audit are such that Charity Navigator has issued this CN Advisory to provide donors with information that they may find useful when making their giving decisions. Charity Navigator is not responsible for the nature or content of the information presented through external sources and websites. For more information on how or when we decide to publish a CN Advisory, please review our methodology.

  Score
(out of 100)
Rating
Overall Score & Rating 81.92 three stars
  Financial 74.75 two stars
  Accountability & Transparency 96.00 four stars
This rating was published 12/01/2019 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1916, the Baltimore Symphony Orchestra (BSO) is the only major American orchestra originally established as a branch of the municipal government. Reorganized as a private institution in 1942, it maintains close relationships with the governments and communities of the city and surrounding counties, as well as with the state of Maryland. The BSO is internationally recognized as having achieved a preeminent place among the world's most important orchestras. Acclaimed for its uncompromising pursuit of artistic excellence, the Baltimore Symphony has attracted a devoted national and international following while maintaining deep bonds throughout Maryland through innovative education and community outreach initiatives.

Founded in 1916, the Baltimore Symphony Orchestra (BSO) is the only major American orchestra originally established as a branch of the municipal government. Reorganized as a private institution in 1942, it maintains close relationships with the governments and communities of the city and surrounding counties, as well as with the state of Maryland. The BSO is internationally recognized as having achieved a preeminent place among the world's most important orchestras. Acclaimed for its uncompromising pursuit of artistic excellence, the Baltimore Symphony has attracted a devoted national and international following while maintaining deep bonds throughout Maryland through innovative education and community outreach initiatives.

Impact Information

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Financial

two stars

74.75

Accountability & Transparency

four stars

96.00

This rating was published 12/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
88.6%
  Administrative Expenses 6.3%
  Fundraising Expenses 5.0%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) < 0.01
  Program Expenses Growth 1.8%
  Liabilities to Assets 273.7%
All data for Financial Performance Metrics calculations was provided by Baltimore Symphony Orchestra on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Baltimore Symphony Orchestra on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Baltimore Symphony Orchestra (MD) 81.92 three stars
American Composers Orchestra (NY) 85.01 three stars
San Diego Symphony Orchestra (CA) 88.44 three stars
Cincinnati Symphony Orchestra (OH) 91.14 four stars
Milwaukee Symphony Orchestra (WI) 87.96 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $9,034,338
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $699,912
   Related Organizations $3,837,682
   Government Grants $4,324,140
Total Contributions $17,896,072
   Program Service Revenue $9,726,020
Total Primary Revenue $27,622,092
   Other Revenue $160,063
TOTAL REVENUE $27,782,155
   
EXPENSES  
   Program Expenses $25,446,407
   Administrative Expenses $1,746,098
   Fundraising Expenses $1,335,115
TOTAL FUNCTIONAL EXPENSES $28,527,620
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-745,465
   
Net Assets $-15,895,096

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-08 12/01/2019 81.92 three stars
-- 11/26/2019 --Moderate Concern Advisory

Baltimore Symphony Orchestra’s audit states that Baltimore Symphony Orchestra has an “Emphasis of Matter Regarding Going Concern” that is outlined in Note 2. It reads, “the Symphony has experienced, and continues to experience, significant decreases in unrestricted net assets. These conditions raise substantial doubt regarding the Symphony's ability to continue as a going concern..” For this reason, we have issued this Moderate Concern CN Advisory. For more information, please see the FYE 2018 Audit.

2017-08 12/01/2018 80.71 three stars
2016-08 03/01/2018 82.77 three stars
2015-08 03/01/2017 81.51 three stars
2014-08 06/01/2016 79.65 two stars
 
CN 2.0
2014-08 10/01/2015 81.49 three stars
2013-08 02/01/2015 80.64 three stars
2012-08 12/01/2013 81.54 three stars
2011-08 11/06/2012 84.03 three stars
2010-08 12/01/2011 80.14 three stars
2009-08 09/20/2011 68.26 one star
 
CN 1.0
2009-08 02/01/2011 63.35 one star
2008-08 03/01/2010 81.25 three stars
2007-08 07/01/2009 82.66 three stars
2006-08 12/01/2007 78.02 two stars
2005-08 12/01/2006 85.64 three stars
2004-08 01/01/2006 80.28 three stars
2003-08 11/01/2004 86.65 three stars
2002-08 12/01/2003 95.29 four stars
2001-08 10/15/2002 93.64 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 52-0629696
Name in IRS Master File BALTIMORE SYMPHONY ORCHESTRA INC
NTEE Code A69
NTEE Classification Symphony Orchestras
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (119) Other cultural or historical activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1944
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
  • August, 2013
Compensation % of Expenses Paid to Title
$235,083 0.82% Peter Kjome President & CEO
Other Salaries of Note
$286,542 1.00% Jonathan Carney Concert Master
$274,232 0.96% Marin Alsop Music Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Baltimore Symphony Orchestra (MD) 81.92 three stars
Santa Barbara Symphony Orchestra Association (CA) 90.62 four stars
Nashville Symphony (TN) 89.90 three stars
Saint Paul Chamber Orchestra (MN) 87.75 three stars
Allentown Symphony Association (PA) 88.95 three stars

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Charity Contact Info

Baltimore Symphony Orchestra
1212 Cathedral Street
Baltimore, MD 21201
tel: (410) 783-8100
EIN: 52-0629696

Visit Web Site

Board Leadership

Barry F. Rosen
Chair

CEO

Peter T. Kjome
President & CEO

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