Bridgehampton Chamber Music Associates Inc

Analysis

Bridgehampton Chamber Music Associates Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1985, 41 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 October 2023, Bridgehampton Chamber Music Associates Inc reported income of $1.0m and spending of $945k, spending 91% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $884k to $1.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to October 2021, when income rose by 50%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bridgehampton Chamber Music Associates Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Tucson Festival of Books ($1.0m), Culture Shock Dance Troupe Inc ($1.0m) and Harrington Opera House Society ($1.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $281k (30% of expenses). Other salaries and wages came to $30k. At year end it held assets of $2.0m against liabilities of $181k, net assets of $1.9m. It reported 7 employees.