Miami Chamber Music Society

Analysis

Miami Chamber Music Society is a registered charity in United States, based in Palmetto Bay, FL. It received its IRS tax-exemption ruling in May 2016, 10 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 August 2023, Miami Chamber Music Society reported income of $160k and spending of $124k, leaving 22% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $51k to $160k (+215%), an average of +46% a year. The sharpest change came in the year to August 2022, when income rose by 207%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miami Chamber Music Society sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Ballet Concerto Inc ($160k), Kaisahan of San Jose ($160k) and Fremont Center for the Arts ($160k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.