The American Classical Orchestra Inc

Analysis

The American Classical Orchestra Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The American Classical Orchestra Inc reported income of $1.0m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.0m (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The American Classical Orchestra Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Morris Thomspon Cultural & Visitors Center ($1.0m), Lighthouse Foundation of Chicagoland ($1.0m) and Sammons Center for the Arts ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $299k (26% of expenses). At year end it held assets of $68k against liabilities of $62k, net assets of $6,103. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.