Carmel Music Society

Analysis

Carmel Music Society is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in March 1951, 75 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 2024, Carmel Music Society reported income of $211k and spending of $190k, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $168k to $211k (+26%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 102%. 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, Carmel Music Society sits at the 61st percentile: it is larger than about 61% 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 Armenian Fairytales Inc ($211k), Broad Room Creative Collective Sacramento ($211k) and Alliance for American Quilts Inc ($211k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 26% of the total. At year end it held assets of $853k against liabilities of $0, net assets of $853k.