Friends of Chamber Music

Analysis

Friends of Chamber Music is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1965, 61 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 May 2023, Friends of Chamber Music reported income of $455k and spending of $486k, spending 107% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $470k to $455k (-3.1%), an average of -1.0% a year. The sharpest change came in the year to May 2022, when income rose by 155%. Over the whole period it spent 78% 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 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Fort Meigs Association ($455k), Albanian-American Cultural Center Inc ($455k) and Global Spectrum Foundation Inc ($455k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 36% and program service revenue 54% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.