Evansville Philharmonic Orchestra

Analysis

Evansville Philharmonic Orchestra is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in October 1937, 89 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Evansville Philharmonic Orchestra reported income of $2.7m and spending of $2.0m, leaving 26% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $1.8m to $2.7m (+49%), an average of +8.3% a year. The sharpest change came in the year to May 2024, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Evansville Philharmonic Orchestra sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Hippodrome Colony Historical Theatre Association ($2.7m), Friends of the Lyric Inc ($2.7m) and Life-Line ($2.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 39% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $215k (11% of expenses). Other salaries and wages came to $714k. At year end it held assets of $5.0m against liabilities of $367k, net assets of $4.7m. It reported 92 employees.