The Louisville Orchestra Inc

Analysis

The Louisville Orchestra Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1948, 78 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 May 2023, The Louisville Orchestra Inc reported income of $14.8m and spending of $12.3m, spending 83% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $8.4m to $14.8m (+75%), an average of +15% a year. The sharpest change came in the year to May 2022, when income rose by 67%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Louisville Orchestra Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Capital Concerts Inc ($14.8m), Science Museum Oklahoma Inc ($14.8m) and Nextcorps Inc ($14.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $161k (1.3% of expenses). Other salaries and wages came to $4.7m. It paid $317k in professional fundraising fees. At year end it held assets of $11.2m against liabilities of $1.9m, net assets of $9.2m. It reported 250 employees.