St Lukes Chamber Ensemble Inc

Analysis

St Lukes Chamber Ensemble Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1976, 50 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, St Lukes Chamber Ensemble Inc reported income of $7.2m and spending of $8.8m, spending 122% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $11.4m to $7.2m (-37%), an average of -11% a year. The sharpest change came in the year to August 2020, when income dropped by 44%. 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, St Lukes Chamber Ensemble Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Barbara Bush Foundation for Family Literacy Inc ($7.2m), Numfocus Inc ($7.2m) and Uniting Voices ($7.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $514k (5.8% of expenses). Other salaries and wages came to $3.2m. It paid $53k in professional fundraising fees. At year end it held assets of $42.4m against liabilities of $546k, net assets of $41.9m. It reported 279 employees.