Pro Arte Chamber of Orchestra of Boston Inc

Analysis

Pro Arte Chamber of Orchestra of Boston Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pro Arte Chamber of Orchestra of Boston Inc reported income of $268k and spending of $286k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $260k to $268k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pro Arte Chamber of Orchestra of Boston Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Little League Baseball Inc ($268k), One Hundred Club of Contra Costa County ($268k) and The Southeast Virginia Community Foundation ($268k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $10k (3.6% of expenses). Other salaries and wages came to $59k. At year end it held assets of $289k against liabilities of $2,139, net assets of $287k. It reported 2 employees.