Financials

Bay Chamber Concerts is a 501(c)(3) registered non-profit organization. Our Board of Trustees and staff are fiscally conservative, always seeking to balance the books to provide a strong foundation for sustainability. We’ve been around for over 50 years, and we plan on being around for 50 more!

Income
Funding comes from a variety of sources. While ticket sales and tuition cover some of our expenses, they’re only part of the equation. We also derive income from individual contributors, business and foundation supporters and fundraising events. Our overall budget varies year-to-year, and currently averages about $1 million annually.

Contributions and Grants – 55%
Ticket Sales and other Program Revenue – 40%
Endowment Income – 5% 

Expenses
The majority of our resources are spent on programming for concerts and the music school.  Other costs include management (rent, electricity, technology) and staff salaries.

Concerts & Education Programs – 78%
Fundraising – 11%
Administration – 11%

Our IRS financial statements are available on Guidestar (Requires free registration.)

 

Please address Contributions to:

Bay Chamber Concerts and Music School
Annual Giving
PO Box 599
Rockport, ME  04856

Tax ID#: 01-6023519