Chamber Music Corvallis Inc

Analysis

Chamber Music Corvallis Inc is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in September 1993, 33 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 May 2024, Chamber Music Corvallis Inc reported income of $55k and spending of $59k, spending 108% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income grew from $53k to $55k (+4.4%), an average of +4.4% a year. Over the whole period it spent 104% 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 Corvallis Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within OR. Charities of a similar size with the same main cause include Municipal Opera Company of Allentown Inc ($55k), Saecula Choir Foundation Inc ($55k) and Richard III Society Inc ($55k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 63% and program service revenue 34% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.