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Arts, Culture, Humanities : Performing Arts

New York Philharmonic

Maintaining and fostering interest and enjoyment of music

three stars

84.86

Avery Fisher Hall 10 Lincoln Center Plaza
New York, NY 10023
tel: (212) 875-5381   Web Site
EIN: 13-1664054

Board Leadership
Oscar S. Schafer
Chairman

CEO
Matthew VanBesien
President

  Score
(out of 100)
Rating
Overall Score & Rating 84.86 three stars
  Financial 82.28 three stars
  Accountability & Transparency 88.00 three stars
This rating was published 03/01/2017 and includes data from FY2015, the most recent 990 received at that time.

Founded in 1842, the New York Philharmonic is by far the oldest symphony orchestra in the United States and one of the oldest in the world. The Orchestra currently plays some 180 concerts a year. On December 18, 2004, the Philharmonic gave its 14,000th concert - a milestone unmatched by any other orchestra in the world. Since its inception, the Orchestra has championed the new music of its time, giving the first performances of many important works. This pioneering tradition has continued to the present day, with works of major contemporary composers regularly scheduled each season. A longtime media pioneer, the Philharmonic has a long history of broadcasting on radio and television. More recently, the Philharmonic became the first major American orchestra to offer downloadable concerts, recorded live, and released by DG Concerts exclusively on iTunes.

Founded in 1842, the New York Philharmonic is by far the oldest symphony orchestra in the United States and one of the oldest in the world. The Orchestra currently plays some 180 concerts a year. On December 18, 2004, the Philharmonic gave its 14,000th concert - a milestone unmatched by any other orchestra in the world. Since its inception, the Orchestra has championed the new music of its time, giving the first performances of many important works. This pioneering tradition has continued to the present day, with works of major contemporary composers regularly scheduled each season. A longtime media pioneer, the Philharmonic has a long history of broadcasting on radio and television. More recently, the Philharmonic became the first major American orchestra to offer downloadable concerts, recorded live, and released by DG Concerts exclusively on iTunes.

Financial

three stars

82.28

Accountability & Transparency

three stars

88.00

This rating was published 03/01/2017 and includes data from FY2015, 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)
75.3%
  Administrative Expenses 18.8%
  Fundraising Expenses 5.7%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 0.65
  Program Expenses Growth 2.1%
  Liabilities to Assets 24.1%
All data for Financial Performance Metrics calculations was provided by New York Philharmonic on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by New York Philharmonic on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
New York Philharmonic (NY) 84.86 three stars
New Century Chamber Orchestra (CA) 87.82 three stars
San Diego Symphony Orchestra (CA) 90.31 four stars
Los Angeles Master Chorale Assn (CA) 85.97 three stars
Los Angeles Chamber Orchestra (CA) 85.01 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $58,362,165
   Federated Campaigns $524,564
   Membership Dues $0
   Fundraising Events $4,692,495
   Related Organizations $0
   Government Grants $357,819
Total Contributions $63,937,043
   Program Service Revenue $28,054,722
Total Primary Revenue $91,991,765
   Other Revenue $12,381,391
TOTAL REVENUE $104,373,156
   
EXPENSES  
   Program Expenses $57,582,458
   Administrative Expenses $14,338,545
   Fundraising Expenses $4,670,179
TOTAL FUNCTIONAL EXPENSES $76,591,182
   
Payments to Affiliates $0
Excess (or Deficit) for the year $27,781,974
   
Net Assets $192,688,725

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.

Program Name Amount Spent % of Program Expenses
Concert Performances $57,582,458 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-08 03/01/2017 84.86 three stars
2014-08 06/01/2016 83.67 three stars
 
CN 2.0
2014-08 11/01/2015 79.49 two stars
2013-08 04/01/2015 81.01 three stars
2012-08 12/20/2013 83.31 three stars
2011-08 11/06/2012 89.74 three stars
2010-08 03/01/2012 88.88 three stars
2009-08 09/20/2011 86.96 three stars
 
CN 1.0
2009-08 02/01/2011 82.71 three stars
2008-08 10/01/2009 91.56 four stars
2007-08 05/01/2009 93.46 four stars
2006-08 05/01/2008 87.01 three stars
2005-08 09/01/2006 75.15 two stars
2004-08 08/01/2005 75.44 two stars
2003-08 06/01/2004 77.54 two stars
2002-08 11/01/2003 73.70 two stars
2001-08 10/15/2002 88.90 three stars
2000-08 04/15/2002 78.50 two 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 13-1664054
Name in IRS Master File PHILHARMONIC-SYMPHONY SOCIETY OF NEW YORK 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 February, 1928
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, 2015
  • August, 2014
  • August, 2013
  • August, 2012
  • August, 2011

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

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Compensation % of Expenses Paid to Title
$622,052 0.81% R. Matthew Vadbesien President
Other Salaries of Note
$1,641,237 2.14% Alan Gilbert Music Director

Highly Rated

Charity Name & State Overall Score Overall Rating
New York Philharmonic (NY) 84.86 three stars
Flint Institute of Music (MI) 86.33 three stars
Charleston Symphony Orchestra (SC) 87.75 three stars
Fort Worth Symphony Orchestra (TX) 88.83 three stars
The Los Angeles Philharmonic (CA) 92.71 four stars

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Charity Contact Info

New York Philharmonic
Avery Fisher Hall
10 Lincoln Center Plaza
New York, NY 10023
tel: (212) 875-5381
EIN: 13-1664054

Visit Web Site

Board Leadership

Oscar S. Schafer
Chairman

CEO

Matthew VanBesien
President

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