Atlantic Classical Orchestra Inc

Analysis

Atlantic Classical Orchestra Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in July 1993, 33 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, Atlantic Classical Orchestra Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $986k to $1.0m (+5.7%), an average of +1.4% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Atlantic Classical 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 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Rockford Symphony Orchestras Inc ($1.0m), Maine Inside Out ($1.0m) and Downtown Arts Theater Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 31% of the total. Other salaries and wages came to $307k. At year end it held assets of $1.9m against liabilities of $214k, net assets of $1.7m. It reported 8 employees.