Young Chamber Musicians Inc

Analysis

Young Chamber Musicians Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2022, 4 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 May 2024, Young Chamber Musicians Inc reported income of $159k and spending of $113k, leaving 29% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income fell from $335k to $159k (-52%), an average of -52% a year. The sharpest change came in the year to May 2024, when income dropped by 52%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Chamber Musicians 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 51st percentile within CA. Charities of a similar size with the same main cause include Lewis County Historical Society ($159k), Red Curtain Foundation for the Arts ($159k) and Crossing Arts Alliance ($159k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 48% and program service revenue 50% of the total. Other salaries and wages came to $29k. At year end it held assets of $395k against liabilities of $22k, net assets of $373k. It reported 2 employees.