North Carolina Chamber Music Institute

Analysis

North Carolina Chamber Music Institute is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 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 (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 2023, North Carolina Chamber Music Institute reported income of $141k and spending of $137k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $135k to $141k (+4.6%), an average of +4.6% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Chamber Music Institute sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Aspiring Attitudes Inc ($141k), Greater Mankato Diversity Council ($141k) and Beavertail Lighthouse Museum Association ($141k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. At year end it held assets of $110k against liabilities of $8,689, net assets of $101k.