Chamber Music Society of Salt Lake City Inc

Analysis

Chamber Music Society of Salt Lake City Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in May 1967, 59 years ago. 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 2024, Chamber Music Society of Salt Lake City Inc reported income of $80k and spending of $128k, spending 161% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $152k to $80k (-48%), an average of -48% a year. The sharpest change came in the year to June 2024, when income dropped by 48%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chamber Music Society of Salt Lake City Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within UT. Charities of a similar size with the same main cause include United Way of Queen Annes County Maryland Inc ($80k), American Society of Civil Engineers ($80k) and National Forum of Esrd Networks Inc ($80k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 37% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.