Chamber Music Albuquerque

Analysis

Chamber Music Albuquerque is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 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 July 2024, Chamber Music Albuquerque reported income of $165k and spending of $179k, spending 108% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $68k to $165k (+143%), an average of +25% a year. The sharpest change came in the year to July 2021, when income rose by 1105%. Over the whole period it spent 39% 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 Albuquerque sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NM. Charities of a similar size with the same main cause include Denver Lyric Opera Guild ($165k), Ballet Folklorico Anahuac ($165k) and Association for Preservation Technology Northeast Inc ($165k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 38% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $26k (15% of expenses). At year end it held assets of $1.3m against liabilities of $27k, net assets of $1.3m. It reported 1 employees.