Master Singers Inc

Analysis

Master Singers Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in August 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Master Singers Inc reported income of $51k and spending of $40k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $80k to $51k (-35%), an average of -35% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Master Singers Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Santa Clara Valley Quilt Association ($51k), PTA California Congress of Parents Teachers & Students Inc ($51k) and Minnesota Council for the Gifted and Talented ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 15% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.