Orpheum Theatre Group

Analysis

Orpheum Theatre Group is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Orpheum Theatre Group reported income of $20.9m and spending of $21.4m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $14.0m to $20.9m (+49%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 1084%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Orpheum Theatre Group sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Pennyrile Allied Community Services Inc ($20.9m), Valleylife ($20.9m) and Laborers Training and Retraining Trust Fund for Northern California ($20.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.3% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $464k (2.2% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $64.5m against liabilities of $9.5m, net assets of $55.0m. It reported 369 employees.