Gateway Chamber Orchestra

Analysis

Gateway Chamber Orchestra is a registered charity in United States, based in Clarksville, TN. It received its IRS tax-exemption ruling in March 2014, 12 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 2024, Gateway Chamber Orchestra reported income of $149k and spending of $173k, spending 116% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $260k to $149k (-43%), an average of -43% a year. The sharpest change came in the year to June 2024, when income dropped by 43%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gateway Chamber Orchestra sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within TN. Charities of a similar size with the same main cause include Carole Kneeland Project for Responsible Television ($149k), Florida International University Research Foundation Incorporated ($149k) and Holbrook Community Foundation ($149k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $2,739 against liabilities of $80k, net assets of -$77k.