Chesapeake Orchestra Inc

Analysis

Chesapeake Orchestra Inc is a registered charity in United States, based in Leonardtown, MD. It received its IRS tax-exemption ruling in March 2012, 14 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 December 2022, Chesapeake Orchestra Inc reported income of $166k and spending of $148k, spending 89% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $117k to $166k (+43%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chesapeake Orchestra Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Exitheatre ($166k), Playwrite ($166k) and Ird Association Inc ($166k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 85% and program service revenue 3.3% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.