Student Orchestras of Greater Olympia

Analysis

Student Orchestras of Greater Olympia is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in July 2001, 25 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 (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 2024, Student Orchestras of Greater Olympia reported income of $529k and spending of $354k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $188k to $529k (+182%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Student Orchestras of Greater Olympia sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Alden Kindred of America Inc ($529k), Red Barn Actors Studio Inc ($529k) and Vero Beach Theatre Guild Inc ($529k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $114k (32% of expenses). Other salaries and wages came to $123k. At year end it held assets of $856k against liabilities of $7,558, net assets of $848k. It reported 41 employees.