Fargo-Moorhead Orchestral

Analysis

Fargo-Moorhead Orchestral is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in May 1961, 65 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 May 2023, Fargo-Moorhead Orchestral reported income of $596k and spending of $830k, spending 139% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $615k to $596k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to May 2022, when income rose by 69%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fargo-Moorhead Orchestral sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ND. Charities of a similar size with the same main cause include Youth Philharmonic Orchestra ($596k), Equity Trust Inc ($596k) and Circus Harmony ($596k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 47% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $39k (4.7% of expenses). Other salaries and wages came to $138k. At year end it held assets of $189k against liabilities of $59k, net assets of $130k. It reported 80 employees.