Louisville Orchestra Endowment Inc

Analysis

Louisville Orchestra Endowment Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Louisville Orchestra Endowment Inc reported income of $132k and spending of $311k, spending 237% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $977k to $132k (-87%), an average of -39% a year. The sharpest change came in the year to May 2022, when income rose by 131%. Over the whole period it spent 13% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louisville Orchestra Endowment Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within KY. Charities of a similar size with the same main cause include Swartz Creek Hometown Days Inc ($132k), Breannas Gift ($132k) and Seabee Museum and Memorial Park ($132k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $4.3m against liabilities of $1.1m, net assets of $3.2m.