Worcester Chamber Music Society Inc

Analysis

Worcester Chamber Music Society Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in July 2010, 16 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 August 2023, Worcester Chamber Music Society Inc reported income of $594k and spending of $517k, spending 87% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $383k to $594k (+55%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Worcester Chamber Music Society Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Childrens Museum of Stockton ($594k), Piedmont Dispute Resolution Center Inc ($595k) and Wilmington Community Television Inc ($594k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $54k (11% of expenses). Other salaries and wages came to $278k. At year end it held assets of $660k against liabilities of $114k, net assets of $546k. It reported 13 employees.