Brevard Chamber Orchestra Association Inc

Analysis

Brevard Chamber Orchestra Association Inc is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in August 1982, 44 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, Brevard Chamber Orchestra Association Inc reported income of $308k and spending of $281k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $525k to $308k (-41%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 660%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brevard Chamber Orchestra Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include East Bay Basketball Officials Association ($308k), Del Norte Senior Housing Incorporated ($308k) and PTA California Congress of Parents Teachers & Students Inc ($308k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 34% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.0m against liabilities of $84k, net assets of $938k. It reported 1 employees.