Pamlico Musical Society

Analysis

Pamlico Musical Society is a registered charity in United States, based in Oriental, NC. It received its IRS tax-exemption ruling in May 1999, 27 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 June 2024, Pamlico Musical Society reported income of $71k and spending of $58k, spending 82% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $69k to $71k (+3.0%), an average of +3.0% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pamlico Musical Society sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Theater 150 ($71k), Clark Middle School Cougar Band Boosters ($71k) and Sea Friends Incorporated ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 35% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.