The Laredo Philharmonic

Analysis

The Laredo Philharmonic is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in August 1981, 45 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 September 2023, The Laredo Philharmonic reported income of $71k and spending of $64k, spending 89% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $20k to $71k (+257%), an average of +257% a year. The sharpest change came in the year to September 2023, when income rose by 257%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Laredo Philharmonic sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include White County Historical & Civic Improvement Membership Corp ($71k), Redwood Playhouse ($71k) and Historic Johnson Farm Foundation Inc ($71k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.