Clarion Music Society Inc

Analysis

Clarion Music Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1961, 65 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 May 2023, Clarion Music Society Inc reported income of $400k and spending of $666k, spending 166% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $609k to $400k (-34%), an average of -10% a year. The sharpest change came in the year to May 2022, when income rose by 245%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clarion Music Society Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Maine Jewish Museum ($400k), Community School of Music & Arts ($400k) and Santa Barbara Institute for Consciousness Studies ($400k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 80% and program service revenue 34% of the total. At year end it held assets of $54k against liabilities of $69k, net assets of -$16k.