Friends of Chamber Music

Analysis

Friends of Chamber Music is a registered charity in United States, based in Bryan, TX. It received its IRS tax-exemption ruling in October 1997, 29 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 May 2024, Friends of Chamber Music reported income of $192k and spending of $181k, spending 94% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $123k to $192k (+56%), an average of +25% a year. The sharpest change came in the year to May 2024, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Chamber Music sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Fresno City & County Historical Society ($192k), Gerald a Bartell Community Theatre Foundation Inc ($192k) and Carroll Symphony Orchestra Foundation Inc ($192k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $77k against liabilities of $2,670, net assets of $75k.