Chamber Music Society of Detroit

Analysis

Chamber Music Society of Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 1989, 37 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 May 2024, Chamber Music Society of Detroit reported income of $742k and spending of $808k, spending 109% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $715k to $742k (+3.9%), an average of +0.8% a year. The sharpest change came in the year to May 2024, when income rose by 21%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamber Music Society of Detroit sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include 4youandme ($742k), Italian Cultural Society ($743k) and Medicine Park Museum of Natural Science Inc ($742k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $118k (15% of expenses). Other salaries and wages came to $145k. At year end it held assets of $360k against liabilities of $317k, net assets of $42k. It reported 8 employees.