ISRAEL PHILHARMONIC ORCHESTRA INC., AMERICAN FRIENDS OF

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ACTIVITY OR MISSION: To raise funds to support the operations and secure the israel philharmonic orchestra's financial future.

FINANCES

Summary Financial Statement
(in thousands of dollars except where reported as percent)
For tax period ended 2019-12-31 2018-12-31 2017-12-31
INCOME AND OTHER ADDITIONS TO NET ASSETS
Public support including net income from gaming and fundraising events 3,555 4,688 5,676
Revenue generated by provision of services 0 0 0
Income from investments, royalties, and rents, including unrealized investment gains and losses 3,253 -1,312 1,845
Income from sale of inventories and other assets 177 405 400
Other additions to net assets 0 0 0
TOTAL INCOME AND OTHER ADDITIONS TO NET ASSETS 6,985 3,781 7,921
EXPENSES AND CHANGE IN NET ASSETS
Grants to Israeli and other foreign recipients 3,158 4,092 4,536
Grants to US recipients 0 0 0
Salaries and related expenses 927 962 961
Fees for services by non-employees 226 261 218
Advertising and promotion 117 91 87
Office expenses, occupancy, interest, depreciation, depletion and insurance 327 357 342
Information technology 24 30 32
Travel, conferences, conventions, and meetings 52 56 59
Other expenses 5 106 61
TOTAL EXPENSES 4,836 5,955 6,296
Addenda
Program service expenses as a percent of total expenses 69 72 75
Management and general expenses as a percent of total expenses 10 10 8
Fundraising expenses as a percent of total expenses 21 18 17
CHANGE IN NET ASSETS 2,149 -2,174 1,625
Summary Balance Sheets
(in thousands of dollars)
Balance sheet period end date: 2019-12-31 2018-12-31 2017-12-31
ASSETS
Cash, savings accounts, and securities 21,939 20,181 21,724
Receivables: pledges and grants, accounts, loans, and other 1,263 1,066 1,430
Land, buildings, and equipment 2,295 2,371 2,431
Other assets 21 76 32
Total assets 25,518 23,695 25,616
LIABILITIES
Liabilities 98 424 169
NET ASSETS
Net assets without donor restrictions 20,257 18,869 20,496
Net assets with donor restrictions 5,163 4,402 4,951
Total net assets 25,420 23,271 25,446
  • If bar shows 1,000%, it indicates that the correct figure in 1,000% or higher
  • If bar shows 120%, it indicates that the correct figure in 120% or higher

PLEASE NOTE: This is a profile only of the US charity, ISRAEL PHILHARMONIC ORCHESTRA INC., AMERICAN FRIENDS OF. Information on this profile is from the ISRAEL PHILHARMONIC ORCHESTRA INC., AMERICAN FRIENDS OF’s Forms 990 filed with the Internal Revenue Service or the organization’s inernet website. A small amount of contact information may be from other sources. Tzedakah, Inc does not verify data provided by the listed charities.

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