Chamber Music Center of New York Inc

Analysis

Chamber Music Center of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2014, 12 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, Chamber Music Center of New York Inc reported income of $385k and spending of $376k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $370k to $385k (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 99% 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 Center of New York Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Renton Civic Theatre ($384k), Princess and the Platypus Foundation ($385k) and Williamsburg Players Inc ($384k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $72k (19% of expenses). Other salaries and wages came to $41k. At year end it held assets of $163k against liabilities of $58k, net assets of $105k. It reported 2 employees.