Young at Heart Chorus Incorporated

Analysis

Young at Heart Chorus Incorporated is a registered charity in United States, based in Florence, MA. It received its IRS tax-exemption ruling in February 1986, 40 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 December 2023, Young at Heart Chorus Incorporated reported income of $91k and spending of $158k, spending 175% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income fell from $117k to $91k (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2021, when income rose by 220%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young at Heart Chorus Incorporated sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Here to Serve Others a NJ Nonprofit Corporation ($90k), Rotary Club of Highland Park- Highwood ($91k) and LA Canada Flintridge Tournament of Roses Association ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 38% of the total. Other salaries and wages came to $99k. At year end it held assets of $322k against liabilities of $5,000, net assets of $317k. 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.