How can I change the color of this black icon to orange, as shown in this image?

I think most of the answers are overly complicated.

It’s been a while since I’ve used photoshop, but you’ll want to pick one of two color adjustment tools. Either ‘Colorize’ or ‘Hue/Saturation’.

Then simply adjust the color and saturation and brightness until you get a match.

No need to redraw anything or use layer masks.