New Asia Chamber Music Society Inc

Analysis

New Asia Chamber Music Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2019, 7 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 December 2021, New Asia Chamber Music Society Inc reported income of $80k and spending of $77k, spending 97% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $66k to $80k (+21%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Asia Chamber Music Society Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Museum of the Republic of Vietnam ($80k), Griffin Choral Arts Inc ($80k) and Pocahontas Reframed- Native American Storytellers Film Festiva ($80k).

On its Form 990-EZ for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.