New Century Chamber Orchestra

Analysis

New Century Chamber Orchestra is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New Century Chamber Orchestra reported income of $1.7m and spending of $2.3m, spending 134% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.4m to $1.7m (+24%), an average of +7.4% a year. The sharpest change came in the year to August 2021, when income rose by 24%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Century Chamber Orchestra sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include The Rna Society ($1.7m), Sidewalk Film Center and Cinema Inc ($1.7m) and Poughkeepsie-Highland Railroad Bridge Co Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $225k (10.0% of expenses). Other salaries and wages came to $679k. At year end it held assets of $815k against liabilities of $282k, net assets of $533k. It reported 45 employees.