Chestnut Hill Concerts Inc

Analysis

Chestnut Hill Concerts Inc is a registered charity in United States, based in Old Saybrook, CT. It received its IRS tax-exemption ruling in July 1970, 56 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 December 2023, Chestnut Hill Concerts Inc reported income of $81k and spending of $81k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $81k (-14%), an average of -14% a year. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chestnut Hill Concerts Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within CT. Charities of a similar size with the same main cause include Natyaveda ($81k), Mostly Music Inc ($81k) and Ohio Federation of Music Clubs ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.