Chamber Music Society of Lincoln Center Inc

Analysis

Chamber Music Society of Lincoln Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1969, 57 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 June 2023, Chamber Music Society of Lincoln Center Inc reported income of $7.9m and spending of $10.8m, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.0m to $7.9m (-56%), an average of -19% a year. The sharpest change came in the year to June 2022, when income rose by 122%. Over the whole period it spent 71% 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 Society of Lincoln Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Discovery Childrens Museum ($7.9m), Austin Film Society ($7.9m) and Transcendence Theater Company ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $1.8m (17% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $78.4m against liabilities of $2.5m, net assets of $76.0m. It reported 34 employees.