Cleveland Chamber Music Society

Analysis

Cleveland Chamber Music Society is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1951, 75 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 2023, Cleveland Chamber Music Society reported income of $175k and spending of $176k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $197k to $175k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cleveland Chamber Music Society sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Chicago Andhra Association ($175k), Humboldt Historical Society ($175k) and Boston Opera Collaborative ($175k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 21% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.