The Chamber Music Society of Minnesota Inc

Analysis

The Chamber Music Society of Minnesota Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 2023, 3 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 June 2023, The Chamber Music Society of Minnesota Inc reported income of $113k and spending of $107k, spending 95% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $61k to $113k (+85%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Chamber Music Society of Minnesota Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Nepalese Society Inc ($113k), Earl Scruggs Music Festival Inc ($113k) and Durango Choral Society ($113k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (15% of expenses). At year end it held assets of $306k against liabilities of $0, net assets of $306k.