Chamber Music Festival of Lexingtoninc

Analysis

Chamber Music Festival of Lexingtoninc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 2007, 19 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, Chamber Music Festival of Lexingtoninc reported income of $85k and spending of $107k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $85k (+1.7%), an average of +1.7% a year. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamber Music Festival of Lexingtoninc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include Putnam Chorale Ltd ($85k), Witness Music ($85k) and Palm Harbor Historical Society Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. At year end it held assets of $28k against liabilities of $1,469, net assets of $26k.