Huntsville Chamber Music Guild

Analysis

Huntsville Chamber Music Guild is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in May 1970, 56 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Huntsville Chamber Music Guild reported income of $133k and spending of $122k, spending 92% of its income. Across the 2 years on record, from April 2022 to April 2023, income grew from $92k to $133k (+44%), an average of +44% a year. The sharpest change came in the year to April 2023, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Huntsville Chamber Music Guild sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within AL. Charities of a similar size with the same main cause include Strauss Festival of Elk Grove Inc ($133k), Hip Hop Education Center Inc ($133k) and Utah Theatre Association ($133k).

On its Form 990-EZ for the period ending April 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $128k against liabilities of $97, net assets of $128k.