Phoenix Chamber Music Society

Analysis

Phoenix Chamber Music Society is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 1962, 64 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 June 2023, Phoenix Chamber Music Society reported income of $462k and spending of $514k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $543k to $462k (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phoenix Chamber Music Society sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within AZ. Charities of a similar size with the same main cause include The Sanibel Historical Museum and Village Inc ($462k), The Iris Music Project ($462k) and Triangle Youth Ballet ($461k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $70k (14% of expenses). At year end it held assets of $877k against liabilities of $70k, net assets of $808k. It reported 2 employees.