The Lexington Chamber Music Center Inc

Analysis

The Lexington Chamber Music Center Inc is a registered charity in United States, based in West Newbury, MA. It received its IRS tax-exemption ruling in March 2013, 13 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 2024, The Lexington Chamber Music Center Inc reported income of $66k and spending of $64k, spending 97% of its income. Across the 3 years on record, from June 2019 to June 2024, income fell from $110k to $66k (-40%), an average of -22% a year. The sharpest change came in the year to June 2024, when income dropped by 28%. Over the whole period it spent 105% 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 Lexington Chamber Music Center Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Hopewell Museum ($66k), Adsmore Perpetual Care FD TR Uw Katherine R Garrett 070384 ($66k) and Global Invertebrate Genomics Alliance Inc ($66k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. At year end it held assets of $3,573 against liabilities of $0, net assets of $3,573.