Constellations Chamber Concerts

Analysis

Constellations Chamber Concerts is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in February 2020, 6 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 August 2023, Constellations Chamber Concerts reported income of $55k and spending of $34k, leaving 39% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $71k to $55k (-23%), an average of -23% a year. The sharpest change came in the year to August 2023, when income dropped by 23%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Constellations Chamber Concerts sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Incite Shakespeare Company Santa Fe ($55k), Ankeny Community Theatre Ltd ($55k) and Belliston Ballet Inc ($55k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $74k against liabilities of $337, net assets of $73k.