Chinese Music Ensemble of New York Inc

Analysis

Chinese Music Ensemble of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1977, 49 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 June 2024, Chinese Music Ensemble of New York Inc reported income of $120k and spending of $120k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $156k to $120k (-23%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chinese Music Ensemble of New York Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include The Greater South Jersey Philharmonic Society Inc ($120k), Chamber Music Madness ($120k) and Working Artists and the Greater Economy ($120k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 21% of the total. At year end it held assets of $206 against liabilities of $0, net assets of $206.