Ivy Chamber Strings

Analysis

Ivy Chamber Strings is a registered charity in United States, based in Yorba Linda, CA. It received its IRS tax-exemption ruling in October 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, Ivy Chamber Strings reported income of $51k and spending of $134k, spending 261% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $51k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ivy Chamber Strings sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Chelsea Opera Inc ($51k), Art to Change the World ($51k) and Ovations Dance Repertory Corp ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.