Friends of Chamber Music of Troy Ny Inc

Analysis

Friends of Chamber Music of Troy Ny Inc is a registered charity in United States, based in Altamont, NY. It received its IRS tax-exemption ruling in February 1972, 54 years ago. 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 June 2024, Friends of Chamber Music of Troy Ny Inc reported income of $107k and spending of $139k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $71k to $107k (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Chamber Music of Troy Ny Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Leadership Incorporated ($107k), The Mirth Project ($107k) and Franklin Lions Foundation Inc ($107k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $18k (13% of expenses). At year end it held assets of $2.2m against liabilities of $299, net assets of $2.2m. It reported 1 employees.