Kingston Chamber Music Festival at the University of Rhode Island Inc

Analysis

Kingston Chamber Music Festival at the University of Rhode Island Inc is a registered charity in United States, based in Kingston, RI. It received its IRS tax-exemption ruling in March 2000, 26 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 October 2023, Kingston Chamber Music Festival at the University of Rhode Island Inc reported income of $273k and spending of $286k, spending 105% of its income. Across the 6 years on record, from October 2018 to October 2023, income fell from $345k to $273k (-21%), an average of -4.6% a year. The sharpest change came in the year to October 2022, when income rose by 65%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kingston Chamber Music Festival at the University of Rhode Island Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 56th percentile within RI. Charities of a similar size with the same main cause include The Pro Bolivian Committee ($273k), Henry C Ulen Foundation Inc ($273k) and Soul Rep Theatre Company ($273k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 59% and program service revenue 34% of the total. Other salaries and wages came to $50k. At year end it held assets of $823k against liabilities of $898, net assets of $822k. It reported 1 employees.