Orlando Philharmonic Plaza Foundation Inc

Analysis

Orlando Philharmonic Plaza Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in November 2013, 13 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Orlando Philharmonic Plaza Foundation Inc reported income of $3.1m and spending of $3.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $3.1m (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 788%. Over the whole period it spent 239% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Orlando Philharmonic Plaza Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Westmoreland Museum of Art ($3.1m), The Avalon Foundation Inc ($3.1m) and Bowdoin International Music Festival ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $996k. At year end it held assets of $8.0m against liabilities of $1.6m, net assets of $6.4m. It reported 303 employees.