Richardson Orchestra Club

Analysis

Richardson Orchestra Club is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Richardson Orchestra Club reported income of $55k and spending of $56k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $88k to $55k (-38%), an average of -38% a year. The sharpest change came in the year to June 2024, when income dropped by 38%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richardson Orchestra Club sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Keeper of the Game Foundation Inc ($55k), Mendota Youth Recreation Inc ($55k) and Forsyth Central Basketball Booster Club Inc ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.