Great Lakes Chamber Orchestra Incorporated

Analysis

Great Lakes Chamber Orchestra Incorporated is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in November 2002, 24 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 2022, Great Lakes Chamber Orchestra Incorporated reported income of $569k and spending of $431k, leaving 24% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income grew from $245k to $569k (+132%), an average of +52% a year. The sharpest change came in the year to June 2022, when income rose by 151%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great Lakes Chamber Orchestra Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Visionworkshops Inc ($569k), Black Rock Theater Corporation ($569k) and Ariel Theatrical Inc ($569k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $67k (16% of expenses). Other salaries and wages came to $58k. At year end it held assets of $208k against liabilities of $28k, net assets of $180k. It reported 7 employees.