The Los Angeles Chamber Orchestra Society Inc

Analysis

The Los Angeles Chamber Orchestra Society Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Los Angeles Chamber Orchestra Society Inc reported income of $5.9m and spending of $5.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $5.9m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 62%. 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, The Los Angeles Chamber Orchestra Society Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Futuro Media Group ($5.9m), National Educational Telecommunications Association ($5.9m) and American Cinematheque ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $494k (9.4% of expenses). Other salaries and wages came to $2.1m. It paid $5,500 in professional fundraising fees. At year end it held assets of $6.5m against liabilities of $207k, net assets of $6.2m. It reported 160 employees.