Chamber Music in Napa Valley Inc

Analysis

Chamber Music in Napa Valley Inc is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in July 1980, 46 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 June 2023, Chamber Music in Napa Valley Inc reported income of $209k and spending of $472k, spending 226% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $382k to $209k (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 147%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chamber Music in Napa Valley Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Senior Assistance Center ($209k), Lansing Rotary Foundation ($209k) and Habitat for Humanity International Inc ($209k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $50k (11% of expenses). At year end it held assets of $1.4m against liabilities of $3,161, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.