Orvieto Musica Inc

Analysis

Orvieto Musica Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in January 1997, 29 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 August 2024, Orvieto Musica Inc reported income of $124k and spending of $118k, spending 95% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $57k to $124k (+118%), an average of +48% a year. The sharpest change came in the year to August 2023, when income rose by 59%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Orvieto Musica Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include American Water Works Association ($124k), Illinois Engineering Initiative ($124k) and Capital City Village Inc ($124k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 31% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.