Arizona Friends of Chamber Music

Analysis

Arizona Friends of Chamber Music is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in January 1995, 31 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 2024, Arizona Friends of Chamber Music reported income of $635k and spending of $548k, spending 86% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $406k to $635k (+56%), an average of +9.4% a year. The sharpest change came in the year to May 2024, when income rose by 58%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arizona Friends of Chamber Music sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Extensions Dance Co ($635k), Franklin Performing Arts Company Inc ($635k) and Paleontological Society ($635k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 50% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $105k (19% of expenses). At year end it held assets of $1.1m against liabilities of $68k, net assets of $1.1m. It reported 2 employees.