Arapahoe Philharmonic Inc

Analysis

Arapahoe Philharmonic Inc is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in February 1961, 65 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 June 2023, Arapahoe Philharmonic Inc reported income of $245k and spending of $270k, spending 110% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $294k to $245k (-17%), an average of -5.9% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arapahoe Philharmonic Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CO. Charities of a similar size with the same main cause include Friends of Hokulea and Hawaiiloa Inc ($245k), Hedwig Dances Inc ($245k) and We Care for Humanity ($245k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). Other salaries and wages came to $46k. At year end it held assets of $89k against liabilities of $2,394, net assets of $86k. It reported 3 employees.