Lincoln Friends of Chamber Music Inc

Analysis

Lincoln Friends of Chamber Music Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 1985, 41 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 June 2024, Lincoln Friends of Chamber Music Inc reported income of $77k and spending of $57k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $46k to $77k (+68%), an average of +68% a year. The sharpest change came in the year to June 2024, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Friends of Chamber Music Inc 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 30th percentile, and in the 28th percentile within NE. Charities of a similar size with the same main cause include Metropolitan Detroit Research and Education Foundation ($77k), Rocky Mountain Ham Radio Inc ($77k) and Study Zone of South Florida Inc ($77k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 23% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.