Baltimore Symphony Orchestra INC

Tax-deductible

Baltimore, MD501(c)(3)Since 1942Arts & CultureEIN 52-0629696

This page gets seen. Tell your story. Claim this org.

Providing symphonic concerts, cultural and educational.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 350 volunteers and 598 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1.8M a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.1M
to officers and key staff · 6% of spending
Top officer’s pay higher than 53% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $371K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$24.8M
112% of total assets
Concern: liabilities are 112% of assets; over 80%.
Pt X · Ln 26
Independent board members
32
of 33 voting members
Looks good: 32 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$41.7M
+38% vs prior year
Spent
$34.7M
To programs
83%
Net assets
−$2.6M
By yearFY2020–FY2024
Revenue
$41.7M
FY2024▲ +38%
Revenue by fiscal year
FY2020$28.0M
FY2021$20.2M
FY2022$26.9M
FY2023$30.2M
FY2024$41.7M
Expenses
$34.7M
FY2024▲ +3%
Expenses by fiscal year
FY2020$23.3M
FY2021$17.5M
FY2022$28.5M
FY2023$33.7M
FY2024$34.7M
Net assets
−$2.6M
FY2024▲ +78%
Net assets by fiscal year
FY2020−$16.0M
FY2021−$10.2M
FY2022−$11.3M
FY2023−$12.2M
FY2024−$2.6M

From the FY2024 Form 990 (year ending August 2024) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $28.7M Management & general 11% · $3.7M Fundraising 7% · $2.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

45 people listed on the 990; $2.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President and CEO
$342,120Pt VII · Sec A
Concert Master
$276,324Pt VII · Sec A
$203,747Pt VII · Sec A
SR. VP & Chief Mktg. & Comm. Officer
$176,813Pt VII · Sec A
$168,516Pt VII · Sec A
Head Stagehand
$165,655Pt VII · Sec A
Director of Edu & Comm Engagement
$164,985Pt VII · Sec A
Assistant Head Stagehand
$161,580Pt VII · Sec A

Mr Mark Hanson’s $342K as President and CEO is at the 53rd percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mr Mark Hanson$342,120$221,484———
Ms Marin Alsop—$300,000$199,642$288,756$283,973
Mr Edward Carney$276,324$268,557$131,112$204,741—
Mr Peter Kjome—$59,100$184,523$173,910$253,969
Ms Agnieszka Rakhmatullaev$203,747————
Mr Jonathan Carney————$198,917
Ms Cyrina R Yarbrough$176,813————
Mr Brian Smith$127,964$171,158———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Baltimore Symphony Orchestra INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents symphonic concerts and offers cultural and educational programs.

Provided by the organization

This section is blank until Baltimore Symphony Orchestra INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $28.7M of program spending, described in the organization's own filed words · FY2023.
01

Provides symphonic concerts, cultural and education presentations, cultural and educational rentals, broadcasting and recording.

$28.7Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$41.7M
Ln 12
Gifts and grantsLn 1h$34.1M
Fees for servicesLn 2g$7.4M
Other incomeLn 4–11$168K
Money outPt IX
$34.7M
Ln 25
Programscol B$28.7M
Managementcol C$3.7M
Fundraisingcol D$2.3M
Owns and owesPt X
−$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$8.1M
Total assetsLn 16$22.2M
LiabilitiesLn 26$24.8M
PeoplePt VI, VII
45
listed · VII A
PaidVII A11
Voting boardVI 1a33
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34.1M
Government grantsLn 1e$4.6M
Noncash giftsLn 1g$49K
Fundraising eventsLn 1c$711K
Fees for servicesLn 2g$7.4M
Investment incomeLn 3$5K
Other incomeLn 4–11$168K
Total revenueLn 12$41.7M
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$8.1M
Cash and savings togetherLn 1–2$8.1M
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$252K
Total assetsLn 16$22.2M
LiabilitiesLn 26$24.8M
Net assetsLn 32−$2.6M
OperationsPt I, VI
EmployeesI 5598
VolunteersI 6350
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.1M$8.1M
Land, buildings, equipmentLn 10c$467K$2.7M
Total assetsLn 16$9.3M$22.2M
LiabilitiesLn 26$21.5M$24.8M
Net assetsLn 32−$12.2M−$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.3M$1.1M$80K$96K
Other salaries and wagesLn 7$15.8M$13.6M$1.1M$1.2M
Pension plan contributionsLn 8$1.4M$1.3M$127K
Other employee benefitsLn 9$2.7M$2.4M$36K$213K
Payroll taxesLn 10$1.3M$1.1M$76K$91K
Legal feesLn 11b$49K$49K
Accounting feesLn 11c$90K$90K
Lobbying feesLn 11d$50K$50K
Professional fundraising feesLn 11e$381K$381K
Other fees for servicesLn 11g$3.7M$3.1M$541K$31K
Advertising and promotionLn 12$1.9M$1.6M$247K
Office expensesLn 13$384K$268K$111K$4K
Information technologyLn 14$340K$4K$337K
OccupancyLn 16$2.1M$2.1M
TravelLn 17$512K$496K$16K$512
InterestLn 20$528K$528K
Depreciation, depletion and amortizationLn 22$111K$111K
InsuranceLn 23$258K$12K$246K
Other expenses (24a–d)Ln 24$1.1M$902K$200K
All other expensesLn 24e$744K$488K$135K$120K
Total functional expensesLn 25$34.7M$28.7M$3.7M$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $41.7M$34.7M$7.0M−$2.6M 990 PDF
FY2023 $30.2M$33.7M−$3.6M−$12.2M 990 PDF
FY2022 $26.9M$28.5M−$1.6M−$11.3M 990 PDF
FY2021 $20.2M$17.5M$2.6M−$10.2M 990 PDF
FY2020 $28.0M$23.3M$4.6M−$16.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $41,676,641 across 13 lines filed
Lines not itemized here account for $9,326 of total revenue; see the IRS return.
VIII-1c Fundraising events$711,200
VIII-1d Related organizations$8,560,000
VIII-1e Government grants$4,640,722
VIII-1f All other contributions, gifts and grants$20,222,140
VIII-1g Noncash contributions (included above)$49,025
VIII-1h Total contributions, gifts and grants$34,134,062
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,369,708$7,369,708
VIII-3 Investment incomeExcluded from tax $4,516$4,516
VIII-5 RoyaltiesExcluded from tax $285$285
VIII-6 Net rental income or lossExcluded from tax $55,587$55,587
VIII-8 Net income from fundraising eventsExcluded from tax −$415,116−$415,116
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $518,273$518,273
VIII-12 Total revenueRelated to mission $7,369,708 · Unrelated business $0 · Excluded from tax $172,871$41,676,641
Part IX · Statement of functional expenses $34,682,280 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,136,278 · Management $79,836 · Fundraising $95,504$1,311,618
IX-7 Other salaries and wagesPrograms $13,625,955 · Management $1,060,602 · Fundraising $1,158,196$15,844,753
IX-8 Pension plan contributionsPrograms $1,250,863 · Management $127,222$1,378,085
IX-9 Other employee benefitsPrograms $2,414,334 · Management $35,645 · Fundraising $213,039$2,663,018
IX-10 Payroll taxesPrograms $1,102,333 · Management $76,379 · Fundraising $91,397$1,270,109
IX-11b Legal feesManagement $49,390$49,390
IX-11c Accounting feesManagement $90,073$90,073
IX-11d Lobbying feesManagement $50,126$50,126
IX-11e Professional fundraising feesFundraising $381,497$381,497
IX-11g Other fees for servicesPrograms $3,095,513 · Management $541,224 · Fundraising $31,421$3,668,158
IX-12 Advertising and promotionPrograms $1,624,543 · Fundraising $246,866$1,871,409
IX-13 Office expensesPrograms $268,352 · Management $111,371 · Fundraising $3,800$383,523
IX-14 Information technologyPrograms $3,886 · Management $336,603$340,489
IX-16 OccupancyPrograms $2,125,458$2,125,458
IX-17 TravelPrograms $495,624 · Management $15,689 · Fundraising $512$511,825
IX-20 InterestManagement $527,876$527,876
IX-22 Depreciation, depletion and amortizationPrograms $111,386$111,386
IX-23 InsurancePrograms $12,121 · Management $245,843$257,964
IX-24 Other expenses (24a–d)Programs $901,929 · Management $200,000$1,101,929
IX-24e All other expensesPrograms $488,038 · Management $135,107 · Fundraising $120,449$743,594
IX-25 Total functional expensesPrograms $28,656,613 · Management $3,682,986 · Fundraising $2,342,681$34,682,280
Part X · Balance sheet $22,195,398 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $750$2,507
X-2 Savings and temporary cash investmentsStart of year $4,075,095$8,068,460
X-3 Pledges and grants receivableStart of year $1,231,385$9,842,213
X-4 Accounts receivableStart of year $311,119$402,292
X-8 Inventories for sale or useStart of year $30,654$30,654
X-9 Prepaid expenses and deferred chargesStart of year $1,072,288$881,028
X-10c Land, buildings and equipment, netStart of year $466,693$2,716,451
X-15 Other assetsStart of year $2,087,147$251,793
X-16 Total assetsStart of year $9,275,131$22,195,398
X-17 Accounts payable and accrued expensesStart of year $1,614,512$2,133,086
X-19 Deferred revenueStart of year $4,692,921$6,524,207
X-25 Other liabilitiesStart of year $12,909,698$13,568,047
X-26 Total liabilitiesStart of year $21,457,131$24,845,340
X-27 Net assets without donor restrictionsStart of year −$16,076,000−$14,526,000
X-28 Net assets with donor restrictionsStart of year $3,894,000$11,876,058
X-32 Total net assets or fund balancesStart of year −$12,182,000−$2,649,942
X-33 Total liabilities and net assetsStart of year $9,275,131$22,195,398
Part XI · Reconciliation of net assets −$2,649,942 net assets at year end
XI-1 Total revenue$41,676,641
XI-2 Total expenses$34,682,280
XI-3 Revenue less expenses$6,994,361
XI-4 Net assets at start of year−$12,182,000
XI-9 Other changes in net assets$2,537,697
XI-10 Net assets at end of year−$2,649,942

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.