Florida Orchestra Association

Analysis

Florida Orchestra Association is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in October 2002, 24 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, Florida Orchestra Association reported income of $506k and spending of $513k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $480k to $506k (+5.5%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Orchestra Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Torrington Historical Society Incorporated ($506k), Boulder Ensemble Theatre Company ($506k) and Global Game Jam ($506k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $49k (9.5% of expenses). At year end it held assets of $208k against liabilities of $0, net assets of $208k. It reported 1 employees.