Friends of Chamber Music

Analysis

Friends of Chamber Music is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 2003, 23 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, Friends of Chamber Music reported income of $1.4m and spending of $804k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $803k to $1.4m (+76%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 499%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Chamber Music sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within OR. Charities of a similar size with the same main cause include The Sawtooth School for Visual Art ($1.4m), Freefall Theatre Inc ($1.4m) and South Dakota Humanities Council ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $148k (18% of expenses). Other salaries and wages came to $103k. At year end it held assets of $5.7m against liabilities of $208k, net assets of $5.5m. It reported 6 employees.