Third Angle New Music Ensemble

Analysis

Third Angle New Music Ensemble is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 1986, 40 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, Third Angle New Music Ensemble reported income of $369k and spending of $371k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $335k to $369k (+10%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Third Angle New Music Ensemble sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OR. Charities of a similar size with the same main cause include The Untaxer ($369k), Roots 101 African America Museum ($369k) and Spotlight Youth Theatre ($369k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $116k (31% of expenses). Other salaries and wages came to $71k. At year end it held assets of $270k against liabilities of $13k, net assets of $257k. It reported 20 employees.