Lake Champlain Chamber Music Festival

Analysis

Lake Champlain Chamber Music Festival is a registered charity in United States, based in Winooski, VT. It received its IRS tax-exemption ruling in September 2009, 17 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 December 2023, Lake Champlain Chamber Music Festival reported income of $367k and spending of $397k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $367k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Champlain Chamber Music Festival 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 58th percentile within VT. Charities of a similar size with the same main cause include Hammond Harwood House Assoc Inc ($367k), East Brother Light Station Inc ($367k) and Oak Ridge Art Center ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $70k (18% of expenses). Other salaries and wages came to $8,400. At year end it held assets of $1.0m against liabilities of $46k, net assets of $965k. It reported 2 employees.