Asheville Chamber Music Inc

Analysis

Asheville Chamber Music Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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 June 2024, Asheville Chamber Music Inc reported income of $116k and spending of $144k, spending 124% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $160k to $116k (-27%), an average of -27% a year. The sharpest change came in the year to June 2024, when income dropped by 27%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asheville Chamber Music Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Senior Citizens of Shasta County ($116k), Plano Civic Chorus ($116k) and Bethany Nursery Group ($116k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 37% of the total. At year end it held assets of $303k against liabilities of $33k, net assets of $270k.