Cincinnati Chamber Music Society

Analysis

Cincinnati Chamber Music Society is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 1966, 60 years ago. 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, Cincinnati Chamber Music Society reported income of $214k and spending of $353k, spending 165% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $169k to $214k (+26%), an average of +6.0% a year. The sharpest change came in the year to May 2024, when income rose by 55%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cincinnati Chamber Music Society sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include Life Work Direction Inc ($214k), Strasburg - Heisler Library ($214k) and Bum Phillips Charities ($214k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 15% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). At year end it held assets of $1.8m against liabilities of $29k, net assets of $1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.