Coleman Chamber Music Association of Pasadena Calif

Analysis

Coleman Chamber Music Association of Pasadena Calif is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 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, Coleman Chamber Music Association of Pasadena Calif reported income of $171k and spending of $263k, spending 154% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $166k to $171k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 141% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coleman Chamber Music Association of Pasadena Calif sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Historic Hampton Incorporated ($171k), Punjabi Association Hasda Punjab Inc ($171k) and School of Indian Percussion and Music ($171k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $85k (32% of expenses). At year end it held assets of $558k against liabilities of $55k, net assets of $503k. It reported 1 employees.

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.