Portland Chamber Music Festival

Analysis

Portland Chamber Music Festival is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in January 1994, 32 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 December 2023, Portland Chamber Music Festival reported income of $228k and spending of $224k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $219k to $228k (+4.1%), an average of +2.0% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portland Chamber Music Festival sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Cest Bon Music Inc ($228k), Art Council of Southwest Florida Inc ($228k) and Feminist Studies Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $40k (18% of expenses). Other salaries and wages came to $55k. At year end it held assets of $152k against liabilities of $1,018, net assets of $151k. It reported 3 employees.