Memphis Chamber Music Society Inc

Analysis

Memphis Chamber Music Society Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 1990, 36 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 May 2024, Memphis Chamber Music Society Inc reported income of $83k and spending of $80k, spending 96% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $71k to $83k (+17%), an average of +17% a year. The sharpest change came in the year to May 2024, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Chamber Music Society Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include The Fort Smith Girls Club Endowment Fund Trust ($83k), Community Service Community Development ($83k) and Region VIII Head Start Association ($83k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.