Chamber Music Madness

Analysis

Chamber Music Madness is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2014, 12 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, Chamber Music Madness reported income of $120k and spending of $94k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $120k (+8.3%), an average of +8.3% a year. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamber Music Madness sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within WA. Charities of a similar size with the same main cause include Chinese Music Ensemble of New York Inc ($120k), Lahaina Arts Guild ($120k) and The Greater South Jersey Philharmonic Society Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.