Chamber Orchestra of New York - Ottorino Respighi

Analysis

Chamber Orchestra of New York - Ottorino Respighi is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2006, 20 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, Chamber Orchestra of New York - Ottorino Respighi reported income of $225k and spending of $258k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $155k to $225k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 368%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamber Orchestra of New York - Ottorino Respighi sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Dixie Theatre Foundation Inc ($225k), Marthas Vineyard Art Assn Inc ($225k) and Ballet Flamenco LA Rosa Inc ($225k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $73k (28% of expenses). At year end it held assets of $78k against liabilities of $50k, net assets of $28k.

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.