Franklin Pond Chamber Music Inc

Analysis

Franklin Pond Chamber Music Inc is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in April 2003, 23 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 December 2023, Franklin Pond Chamber Music Inc reported income of $222k and spending of $188k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $323k to $222k (-31%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 36%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Franklin Pond Chamber Music Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Armenian Youth Association of California ($222k), Beaumont Civic Ballet ($222k) and Fort Mill Economic Partners Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $57k (30% of expenses). At year end it held assets of $410k against liabilities of $24, net assets of $410k. It reported 2 employees.