The Chamber Orchestra of the Triangle Inc

Analysis

The Chamber Orchestra of the Triangle Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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, The Chamber Orchestra of the Triangle Inc reported income of $2.2m and spending of $981k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $638k to $2.2m (+252%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 102%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Chamber Orchestra of the Triangle Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include El Paso Child Guidance Center Inc ($2.2m), St Johns Properties ($2.2m) and Butte Community College Foundation ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $70k (7.1% of expenses). At year end it held assets of $3.0m against liabilities of $2,075, net assets of $3.0m. It reported 9 employees.