Cape Cod Chamber Music Festival Inc

Analysis

Cape Cod Chamber Music Festival Inc is a registered charity in United States, based in Osterville, MA. It received its IRS tax-exemption ruling in March 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Cape Cod Chamber Music Festival Inc reported income of $309k and spending of $275k, spending 89% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $267k to $309k (+16%), an average of +3.7% a year. The sharpest change came in the year to October 2021, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Cod Chamber Music Festival Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Twelve Gates Arts ($309k), Power of Preservation Foundation ($309k) and Cayuga Chamber Orchestra Inc ($309k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 65% and program service revenue 22% of the total. Other salaries and wages came to $79k. At year end it held assets of $979k against liabilities of $28k, net assets of $951k. It reported 3 employees.