Sedona Chamber Music Society Inc

Analysis

Sedona Chamber Music Society Inc is a registered charity in United States, based in Sedona, AZ. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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 2024, Sedona Chamber Music Society Inc reported income of $213k and spending of $250k, spending 117% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $140k to $213k (+53%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sedona Chamber Music Society Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within AZ. Charities of a similar size with the same main cause include The Buckeye Flame ($213k), Missouri Press Foundation Inc ($213k) and Almond Twentieth Century Club Library ($213k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $270k against liabilities of $0, net assets of $270k.

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.