Childrens Orchestra Society Inc

Analysis

Childrens Orchestra Society Inc is a registered charity in United States, based in Fresh Meadows, NY. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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, Childrens Orchestra Society Inc reported income of $643k and spending of $509k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $619k to $643k (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Orchestra Society Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Wyoming Heritage Foundation ($643k), Van Wert County Council on Aging ($643k) and Partnership for Inclusive Disaster Strategies ($643k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $182k (36% of expenses). Other salaries and wages came to $74k. At year end it held assets of $1.4m against liabilities of $574k, net assets of $807k. It reported 11 employees.