Nova Chamber Music Series

Analysis

Nova Chamber Music Series is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nova Chamber Music Series reported income of $191k and spending of $189k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $145k to $191k (+32%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Nova Chamber Music Series sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within UT. Charities of a similar size with the same main cause include Elevate Your G a M E ($191k), Anytown Leadership Program Inc ($191k) and Tiny 1s Treasured Learning Center ($191k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $115k against liabilities of $12k, net assets of $103k.