Brooklyn Chamber Music Society Ltd

Analysis

Brooklyn Chamber Music Society Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2003, 23 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 November 2023, Brooklyn Chamber Music Society Ltd reported income of $66k and spending of $91k, spending 138% of what it took in. Across the 2 years on record, from November 2022 to November 2023, income grew from $54k to $66k (+21%), an average of +21% a year. The sharpest change came in the year to November 2023, when income rose by 21%. Over the whole period it spent 150% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brooklyn Chamber Music Society Ltd sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Mount Gretna Area Historical Society Inc ($66k), Cazarts Inc ($66k) and Immigrant Story ($66k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 73% and program service revenue 24% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.