Virginia Chamber Music Foundation

Analysis

Virginia Chamber Music Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in August 2001, 25 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 2023, Virginia Chamber Music Foundation reported income of $249k and spending of $225k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $249k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Chamber Music Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Splash ($249k), Jones-Haywood Inc ($250k) and Fire Island Pines Arts Project Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $12k (5.3% of expenses). Other salaries and wages came to $61k. At year end it held assets of $377k against liabilities of $1,659, net assets of $375k. It reported 2 employees.