Carmel Symphony Orchestera Inc

Analysis

Carmel Symphony Orchestera Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in November 1977, 49 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, Carmel Symphony Orchestera Inc reported income of $808k and spending of $935k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $752k to $808k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 42%. 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, Carmel Symphony Orchestera Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Alpine Theatre Project Inc ($808k), Bayshore Center at Bivalve Inc ($808k) and Blackhouse Foundation ($808k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $56k (6.0% of expenses). Other salaries and wages came to $202k. At year end it held assets of $529k against liabilities of $39k, net assets of $490k. It reported 70 employees.