Chicago Chambers Music Society

Analysis

Chicago Chambers Music Society is a registered charity in United States, based in Manhattan, IL. It received its IRS tax-exemption ruling in October 1959, 67 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, Chicago Chambers Music Society reported income of $66k and spending of $85k, spending 127% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income grew from $66k to $66k (+1.0%), an average of +1.0% a year. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Chambers Music Society sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include California Voter Foundation ($66k), Alaska PTA ($66k) and Smore for Women ($66k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.