Canandaigua Lake Chamber Music Festival Inc

Analysis

Canandaigua Lake Chamber Music Festival Inc is a registered charity in United States, based in Canandaigua, NY. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Canandaigua Lake Chamber Music Festival Inc reported income of $59k and spending of $53k, spending 91% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $54k to $59k (+8.0%), an average of +8.0% a year. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Canandaigua Lake Chamber Music Festival Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Steubenville Historic Landmarks Foundation ($59k), American Friends of the Israeliopera Inc ($59k) and Barry County Museum Inc ($59k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.