Junior Chamber Music

Analysis

Junior Chamber Music is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 2011, 15 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, Junior Chamber Music reported income of $476k and spending of $464k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $181k to $476k (+163%), an average of +163% a year. The sharpest change came in the year to June 2023, when income rose by 163%. 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, Junior Chamber Music 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 71st percentile within CA. Charities of a similar size with the same main cause include Chagrin Valley Little Theatre ($476k), Art & Creativity for Healing Inc ($476k) and Museum of the American G I Inc ($476k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $30k (6.4% of expenses). At year end it held assets of $143k against liabilities of $18k, net assets of $126k.