Central Texas Philharmonic Inc

Analysis

Central Texas Philharmonic Inc is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Central Texas Philharmonic Inc reported income of $328k and spending of $307k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $198k to $328k (+66%), an average of +66% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Texas Philharmonic Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Helping Florence Flourish ($328k), Minto J C S ($328k) and West End Revitalization Association ($328k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. At year end it held assets of $66k against liabilities of $2,992, net assets of $63k.