Chamber Music Oc

Analysis

Chamber Music Oc is a registered charity in United States, based in Lake Forest, CA. It received its IRS tax-exemption ruling in March 2015, 11 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 December 2023, Chamber Music Oc reported income of $243k and spending of $226k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $206k to $243k (+18%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 77% 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 Oc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Electric Lodge ($243k), Fort Loudon Historical Society ($243k) and Greenfield Review Press ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $28k (12% of expenses). Other salaries and wages came to $35k. At year end it held assets of $300k against liabilities of $925, net assets of $299k. It reported 11 employees.