Chamber Music Society of Wilmington

Analysis

Chamber Music Society of Wilmington is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in March 1997, 29 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 June 2024, Chamber Music Society of Wilmington reported income of $68k and spending of $56k, spending 82% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $37k to $68k (+86%), an average of +86% a year. The sharpest change came in the year to June 2024, when income rose by 86%. Over the whole period it spent 109% 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 Society of Wilmington sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Loveland Performing Arts Association Inc ($68k), World Swing Dance Council Inc ($68k) and Great Cranberry Historical Society ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.