True Concord Voices and Orchestra Inc

Analysis

True Concord Voices and Orchestra Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in February 2007, 19 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 2023, True Concord Voices and Orchestra Inc reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $663k to $1.0m (+54%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, True Concord Voices and Orchestra 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 79th percentile, and in the 76th percentile within AZ. Charities of a similar size with the same main cause include Lighthouse Foundation of Chicagoland ($1.0m), Fuse Box Austin ($1.0m) and The American Classical Orchestra Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $76k (7.0% of expenses). Other salaries and wages came to $146k. At year end it held assets of $562k against liabilities of $111k, net assets of $451k. It reported 2 employees.