Iris Orchestra Inc

Analysis

Iris Orchestra Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in March 2007, 19 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 2024, Iris Orchestra Inc reported income of $749k and spending of $584k, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $783k to $749k (-4.3%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iris Orchestra Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Childrens Museum of Skagit County ($749k), Found Sound Nation ($749k) and Holland Historical Trust ($749k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $80k (14% of expenses). Other salaries and wages came to $128k. At year end it held assets of $560k against liabilities of $5,650, net assets of $554k. It reported 6 employees.