Ames Town and Gown Chamber Music Association

Analysis

Ames Town and Gown Chamber Music Association is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in May 1978, 48 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, Ames Town and Gown Chamber Music Association reported income of $85k and spending of $95k, spending 112% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income grew from $78k to $85k (+9.3%), an average of +9.3% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ames Town and Gown Chamber Music Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IA. Charities of a similar size with the same main cause include Association of Fundraising Professionals ($85k), Wasatch Music Alliance ($85k) and Middlebourne-Tyler County Volunteer Fire Deparement Inc ($85k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 67% and program service revenue 9.4% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.