Is Iris Orchestra Inc Legit?

Iris Orchestra Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $850,000 annually. In the latest filing (202406), the organization reported revenue of $748,952 against expenses of $583,821, resulting in a surplus. This positive trend is also reflected in its growing assets, which increased from $391,572 in 2023 to $559,708 in 2024, while liabilities remained very low at $5,650. The organization's commitment to transparency is evident through its consistent filing of IRS Form 990s, and the reported 0% officer compensation indicates a lean administrative structure regarding executive pay. The organization appears to manage its finances prudently, consistently operating with a surplus in most recent years, which contributes to its asset growth. The low liabilities suggest good financial management and minimal reliance on debt. While specific program spending percentages are not provided in the summary data, the overall financial health appears sound, allowing for sustained operations in support of its mission. The absence of officer compensation is a notable positive indicator for donor confidence regarding administrative overhead.