Training Orchestra Inc

Analysis

Training Orchestra Inc is a registered charity in United States, based in Melville, NY. It received its IRS tax-exemption ruling in December 1974, 52 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, Training Orchestra Inc reported income of $73k and spending of $94k, spending 128% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $66k to $73k (+10%), an average of +10% a year. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Training Orchestra Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Bristol Art Museum ($73k), Great Expectations Housing Corporation ($73k) and Chickasha Area Arts Council Inc ($73k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 93% of the total. At year end it held assets of $110k against liabilities of $1,100, net assets of $109k.