New Canaan Chamber Music Inc

Analysis

New Canaan Chamber Music Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in July 2021, 5 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 December 2023, New Canaan Chamber Music Inc reported income of $161k and spending of $169k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $189k to $161k (-15%), an average of -15% a year. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Canaan Chamber Music Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CT. Charities of a similar size with the same main cause include Kerr Arts & Cultural Center Inc ($161k), Gemini Theater Company ($161k) and Wayne County Sheriffs Youth Education Fund ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.