Seven Hills Chamber Music

Analysis

Seven Hills Chamber Music is a registered charity in United States, based in Lynchburg, VA. 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 December 2023, Seven Hills Chamber Music reported income of $65k and spending of $62k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $65k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seven Hills Chamber Music sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Annisquam Village Players Inc ($65k), Corporate Ethics International ($65k) and KB Dancers Ltd ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.