Orchestra of the Americas Group Inc

Analysis

Orchestra of the Americas Group Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2001, 25 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 September 2023, Orchestra of the Americas Group Inc reported income of $2.4m and spending of $2.2m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to September 2022, when income rose by 42%. Over the whole period it spent 93% 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 of the Americas Group Inc 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 87th percentile, and in the 70th percentile within DC. Charities of a similar size with the same main cause include Ascend Performing Arts Inc ($2.4m), 42 Analytics Educational ($2.4m) and Maritime and Seafood Industry Museum of Biloxi Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $229k (10% of expenses). Other salaries and wages came to $227k. At year end it held assets of $1.1m against liabilities of $688k, net assets of $455k. It reported 5 employees.