Harmonic South String Orchestra Inc

Analysis

Harmonic South String Orchestra Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2020, 6 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 December 2023, Harmonic South String Orchestra Inc reported income of $74k and spending of $154k, spending 209% of what it took in. Across the 4 years on record, from December 2017 to December 2023, income grew from $56k to $74k (+31%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 157%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harmonic South String Orchestra Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Marshalltown Community Concert Association ($74k), Mississippi Chorus Inc ($74k) and Historical Society of Newburgh Bay and the Highlands ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.