Pro Musica Chamber Orchestra of Columbus Inc

Analysis

Pro Musica Chamber Orchestra of Columbus Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 1979, 47 years ago. 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, Pro Musica Chamber Orchestra of Columbus Inc reported income of $2.1m and spending of $2.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pro Musica Chamber Orchestra of Columbus Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Oregon Natural Desert Association Inc ($2.1m), Stew Leonard III Water Safety Foundation Inc ($2.1m) and Boys and Girls Club of Vernon Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $146k (6.8% of expenses). Other salaries and wages came to $701k. At year end it held assets of $5.5m against liabilities of $347k, net assets of $5.2m. It reported 129 employees.