Parlance Chamber Concerts Inc

Analysis

Parlance Chamber Concerts Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Parlance Chamber Concerts Inc reported income of $468k and spending of $461k, spending 99% of its income. Across the 4 years on record, from May 2020 to May 2024, income grew from $389k to $468k (+20%), an average of +6.4% a year. The sharpest change came in the year to May 2022, when income rose by 20%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parlance Chamber Concerts Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Timucua Arts Foundation Incorporated ($468k), Jewish Orthodox Feminist Alliance Inc ($468k) and Academic Advisory Council for Signage Research and Education Inc ($468k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $90k (20% of expenses). At year end it held assets of $332k against liabilities of $0, net assets of $332k.