Boulder Philharmonic Orchestra

Analysis

Boulder Philharmonic Orchestra is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in January 1962, 64 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, Boulder Philharmonic Orchestra reported income of $1.2m and spending of $1.4m, spending 121% of what it took in. Across the 6 years on record, from April 2019 to June 2023, income fell from $1.5m to $1.2m (-22%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income rose by 658%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boulder Philharmonic Orchestra sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include 52nd Street Project Inc ($1.2m), Amarillo Little Theatre Inc ($1.2m) and American Ideas Institute ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $93k (6.5% of expenses). Other salaries and wages came to $615k. At year end it held assets of $942k against liabilities of $289k, net assets of $653k. It reported 211 employees.