Texas Medical Center Orchestra

Analysis

Texas Medical Center Orchestra is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 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 August 2023, Texas Medical Center Orchestra reported income of $66k and spending of $118k, spending 180% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $138k to $66k (-52%), an average of -52% a year. The sharpest change came in the year to August 2023, when income dropped by 52%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Medical Center Orchestra sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Octagon Performance Group Inc ($66k), Color of Hope Inc ($66k) and Music on the Delaware Inc ($66k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 81% and program service revenue 5.9% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.