Anchorage Chamber Music Festival

Analysis

Anchorage Chamber Music Festival is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 2010, 16 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, Anchorage Chamber Music Festival reported income of $147k and spending of $110k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $147k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anchorage Chamber Music Festival sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 42nd percentile within AK. Charities of a similar size with the same main cause include Techhounds Booster Co ($147k), Inscied Out Foundation ($147k) and Manassas Community Chorale Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. At year end it held assets of $102k against liabilities of $99, net assets of $102k.