Syracuse Friends of Chamber Music Inc

Analysis

Syracuse Friends of Chamber Music Inc is a registered charity in United States, based in Dewitt, NY. It received its IRS tax-exemption ruling in September 1952, 74 years ago. 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 July 2024, Syracuse Friends of Chamber Music Inc reported income of $125k and spending of $122k, spending 98% of its income. Across the 3 years on record, from July 2022 to July 2024, income fell from $804k to $125k (-84%), an average of -61% a year. The sharpest change came in the year to July 2023, when income dropped by 86%. Over the whole period it spent 31% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Syracuse Friends of Chamber Music Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include East Africa Chamber of Commerce Corp ($125k), American Planning Association ($125k) and Izaak Walton League of America Inc ($125k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 38% and program service revenue 42% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.