Orcas Island Chamber Music Festival

Analysis

Orcas Island Chamber Music Festival is a registered charity in United States, based in Eastsound, WA. It received its IRS tax-exemption ruling in March 1998, 28 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 October 2023, Orcas Island Chamber Music Festival reported income of $609k and spending of $830k, spending 136% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $756k to $609k (-19%), an average of -5.3% a year. The sharpest change came in the year to October 2022, when income rose by 115%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Orcas Island Chamber Music Festival sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include The Spacekind Foundation ($609k), Coaster Theater Productions ($609k) and Rice Northwest Museum of Rocks and Minerals ($609k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $68k (8.2% of expenses). Other salaries and wages came to $215k. At year end it held assets of $4.1m against liabilities of $1,535, net assets of $4.1m. It reported 5 employees.