Red Bank Chamber Music Society Inc

Analysis

Red Bank Chamber Music Society Inc is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in June 2000, 26 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 2024, Red Bank Chamber Music Society Inc reported income of $57k and spending of $53k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2024, income fell from $63k to $57k (-9.2%), an average of -3.2% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Bank Chamber Music Society Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include A Contemporary Theatre Foundation ($57k), Round Rock Community Choir ($57k) and Diplatanos Society-Agia Marina Inc ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.