Chamber Music Charleston

Analysis

Chamber Music Charleston is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 2006, 20 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 April 2024, Chamber Music Charleston reported income of $413k and spending of $402k, spending 97% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $294k to $413k (+41%), an average of +8.9% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamber Music Charleston sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Caborca Inc ($413k), Steamboat Springs Free Summerconcert Series ($413k) and Mai Family Services ($413k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 58% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $93k (23% of expenses). At year end it held assets of $355k against liabilities of $0, net assets of $355k. It reported 1 employees.