Friends of The@orchestra

Analysis

Friends of The@orchestra is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in January 2017, 9 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 December 2023, Friends of The@orchestra reported income of $391k and spending of $410k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $391k (+11%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 156%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of The@orchestra sits at the 73rd percentile: it is larger than about 73% 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 Mississippi Opera Association Inc ($391k), Demolay International ($391k) and Institute of Hispanic Culture of Houston Texas ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $45k (11% of expenses). Other salaries and wages came to $28k. At year end it held assets of $957k against liabilities of $1,913, net assets of $955k. It reported 2 employees.