Chamber Music Pittsburgh

Analysis

Chamber Music Pittsburgh is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1963, 63 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 July 2023, Chamber Music Pittsburgh reported income of $436k and spending of $506k, spending 116% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $355k to $436k (+23%), an average of +5.3% a year. The sharpest change came in the year to July 2021, when income rose by 89%. 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, Chamber Music Pittsburgh sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Riverside County Philharmonic Association Inc ($436k), Vollis Simpson Whirligig Park and Museum ($436k) and Cuban Classical Ballet of Miami Inc ($436k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Other salaries and wages came to $188k. At year end it held assets of $547k against liabilities of $1,800, net assets of $545k. It reported 3 employees.