Encore Chamber Music Institute

Analysis

Encore Chamber Music Institute is a registered charity in United States, based in Gates Mills, OH. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Encore Chamber Music Institute reported income of $327k and spending of $366k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $259k to $327k (+26%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 951%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Encore Chamber Music Institute sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Depot Theater Inc ($327k), Kidz Konnection Inc ($327k) and Divine Dance Institute Inc ($327k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $16k against liabilities of $17k, net assets of -$1,358.