The Chamber Orchestra of the Springs

Analysis

The Chamber Orchestra of the Springs is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 July 2023, The Chamber Orchestra of the Springs reported income of $380k and spending of $392k, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $265k to $380k (+43%), an average of +9.4% a year. The sharpest change came in the year to July 2022, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Chamber Orchestra of the Springs sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include St Luke Knolls Incorporated ($380k), United Corpus Christi Chamber Foundation ($380k) and Lutheran Brethren Sheridan House Inc ($380k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $47k (12% of expenses). Other salaries and wages came to $85k. At year end it held assets of $353k against liabilities of $34k, net assets of $320k. It reported 1 employees.