Mercury Chamber Orchestra Inc

Analysis

Mercury Chamber Orchestra Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2001, 25 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, Mercury Chamber Orchestra Inc reported income of $1.6m and spending of $1.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.6m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mercury Chamber Orchestra Inc 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 88th percentile within TX. Charities of a similar size with the same main cause include Chicago International Film Festival Inc Cinema-Chicago ($1.6m), Imaginarium Group Inc ($1.6m) and American Private Radio ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $234k (15% of expenses). Other salaries and wages came to $296k. At year end it held assets of $828k against liabilities of $189k, net assets of $639k. It reported 5 employees.