Carolina Philharmonic Inc

Analysis

Carolina Philharmonic Inc is a registered charity in United States, based in Pinehurst, NC. It received its IRS tax-exemption ruling in October 2010, 16 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, Carolina Philharmonic Inc reported income of $620k and spending of $587k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $588k to $620k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolina Philharmonic Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Missouris National Veterans Memorial ($620k), Trucha ($620k) and Concordant Publishing Concern ($620k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $138k (24% of expenses). Other salaries and wages came to $50k. At year end it held assets of $176k against liabilities of $10k, net assets of $166k. It reported 5 employees.