Spokane Chamber Music Association

Analysis

Spokane Chamber Music Association is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in August 2020, 6 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 June 2023, Spokane Chamber Music Association reported income of $103k and spending of $89k, spending 86% of its income. Across the 6 years on record, from June 2018 to June 2023, income fell from $124k to $103k (-17%), an average of -3.7% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spokane Chamber Music Association sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within WA. Charities of a similar size with the same main cause include Music in Context ($103k), Inland Northwest Partners Association ($103k) and Western Plains Arts Association ($103k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 11% of the total. Other salaries and wages came to $11k. At year end it held assets of $504k against liabilities of $560, net assets of $503k. It reported 1 employees.