Florida Chamber Orchestra Company

Analysis

Florida Chamber Orchestra Company is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 1995, 31 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 2024, Florida Chamber Orchestra Company reported income of $195k and spending of $189k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $75k to $195k (+162%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 349%. Over the whole period it spent 87% 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 Chamber Orchestra Company sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Arts Project of Cherry Grove Inc ($195k), Mobile International Festival Inc ($195k) and Divine Light World Inc ($195k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $107k against liabilities of $47k, net assets of $60k.