Rome Chamber Music Festival at Villa Aurelia Inc

Analysis

Rome Chamber Music Festival at Villa Aurelia Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in July 2005, 21 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 December 2023, Rome Chamber Music Festival at Villa Aurelia Inc reported income of $337k and spending of $401k, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $295k to $337k (+14%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rome Chamber Music Festival at Villa Aurelia Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Theatre Puget Sound ($337k), Victoria Community Theatre Inc ($337k) and Fontana Chamber Arts ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.