Second City Chamber Series

Analysis

Second City Chamber Series is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in March 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Second City Chamber Series reported income of $71k and spending of $53k, leaving 26% of income unspent that year. Across the 3 years on record, from May 2022 to May 2024, income grew from $67k to $71k (+6.0%), an average of +2.9% a year. The sharpest change came in the year to May 2023, when income rose by 18%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Second City Chamber Series sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within WA. Charities of a similar size with the same main cause include Bozeman Friends of Music Inc ($71k), Pride of Quakertown ($71k) and Nova Singers ($71k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 46% and program service revenue 22% of the total. At year end it held assets of $87k against liabilities of $1,218, net assets of $86k.