Chesapeake Chamber Music

Analysis

Chesapeake Chamber Music is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in August 1989, 37 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 September 2023, Chesapeake Chamber Music reported income of $356k and spending of $322k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $412k to $356k (-14%), an average of -3.6% a year. The sharpest change came in the year to September 2021, when income rose by 65%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chesapeake Chamber Music sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Armory Theater Fund ($356k), Manitou Art Theatre ($356k) and Historic Fort Wayne Inc ($356k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Other salaries and wages came to $67k. At year end it held assets of $630k against liabilities of $29k, net assets of $602k. It reported 2 employees.