Marthas Vineyard Chamber Music Society

Analysis

Marthas Vineyard Chamber Music Society is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in April 1984, 42 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, Marthas Vineyard Chamber Music Society reported income of $109k and spending of $54k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $109k (+123%), an average of +123% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marthas Vineyard Chamber Music Society sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Tampa Arts Alliance Inc ($109k), House of China ($109k) and Searching for Identity Foundation Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 14% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.