Orchestra Novo Inc

Analysis

Orchestra Novo Inc is a registered charity in United States, based in Morro Bay, CA. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, Orchestra Novo Inc reported income of $119k and spending of $119k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $119k (+43%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose 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, Orchestra Novo Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Agritech Institute for Small Farms Inc ($119k), Bell County Museum Association Inc ($119k) and Reboot Theatre Company ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. At year end it held assets of $68k against liabilities of $616, net assets of $68k.