Chamber Music Maryland Inc

Analysis

Chamber Music Maryland Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in June 1976, 50 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 June 2023, Chamber Music Maryland Inc reported income of $367k and spending of $310k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $231k to $367k (+59%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 193%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamber Music Maryland Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Appalachian Childrens Chorus Inc ($367k), North Dakota Bar Foundation Inc ($367k) and New Light Theater Project Inc ($367k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 18% of the total. Other salaries and wages came to $84k. At year end it held assets of $697k against liabilities of $29k, net assets of $669k. It reported 2 employees.