Austin Chamber Music Center

Analysis

Austin Chamber Music Center is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 1983, 43 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 August 2023, Austin Chamber Music Center reported income of $762k and spending of $773k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $689k to $762k (+11%), an average of +2.5% a year. The sharpest change came in the year to August 2022, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Chamber Music Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Plum Street Temple Historic Preservation Fund ($762k), National Association of Theatre Owners Cinema Foundation Inc ($762k) and Lake Worth Playhouse Inc ($761k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $284k. At year end it held assets of $359k against liabilities of $64k, net assets of $295k. It reported 5 employees.