Concord Orchestra Inc

Analysis

Concord Orchestra Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Concord Orchestra Inc reported income of $70k and spending of $67k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $56k to $70k (+26%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concord Orchestra Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Cove Community Theater ($70k), Friends of the Ixchel Museum Inc ($70k) and Ocean Springs Education Foundation ($70k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. At year end it held assets of $161k against liabilities of $0, net assets of $161k.