Boston Chamber Music Society Inc

Analysis

Boston Chamber Music Society Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1985, 41 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 June 2023, Boston Chamber Music Society Inc reported income of $527k and spending of $443k, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $546k to $527k (-3.4%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston Chamber Music Society Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Belmont Community Media Center Inc ($527k), Portsmouth Submarine & Maritime Association ($528k) and Blue Bird Lifeways Inc ($527k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $153k (35% of expenses). At year end it held assets of $1.0m against liabilities of $91k, net assets of $915k. It reported 2 employees.