Chamber Music Society of New Palz Inc

Analysis

Chamber Music Society of New Palz Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chamber Music Society of New Palz Inc reported income of $64k and spending of $28k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $64k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamber Music Society of New Palz Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Producers Guild of America Foundation ($64k), New Players Theatre Guild Inc ($64k) and Ashtabula County Antique Engine Club Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $9,500 (34% of expenses). At year end it held assets of $135k against liabilities of $1,650, net assets of $133k.