Dallas Chamber Music Society Inc

Analysis

Dallas Chamber Music Society Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 1966, 60 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 June 2023, Dallas Chamber Music Society Inc reported income of $223k and spending of $148k, leaving 34% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $53k to $223k (+320%), an average of +105% a year. The sharpest change came in the year to June 2022, when income rose by 317%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dallas Chamber Music Society Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Mosaic Steel Orchestra ($223k), Ventura High School Music Boosters ($223k) and Lehigh Valley Justice Institute ($223k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $60k (41% of expenses). At year end it held assets of $508k against liabilities of $0, net assets of $508k. It reported 1 employees.