Friends of Chamber Music

Analysis

Friends of Chamber Music is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Friends of Chamber Music reported income of $788k and spending of $845k, spending 107% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $919k to $788k (-14%), an average of -5.0% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Chamber Music sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within MO. Charities of a similar size with the same main cause include Playhouse Arts ($788k), Songs4soldiers NFP ($789k) and The Museum of Food and Drink ($788k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 64% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $72k (8.5% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.7m against liabilities of $90k, net assets of $1.6m. It reported 5 employees.