Coro Allegro Inc

Analysis

Coro Allegro Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1990, 36 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Coro Allegro Inc reported income of $268k and spending of $269k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $285k to $268k (-5.9%), an average of -1.5% a year. The sharpest change came in the year to August 2023, when income rose by 83%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coro Allegro Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Friends of the Penn ($268k), Cactus Pear Music Festival ($268k) and Kelly Music for Life ($268k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $40k (15% of expenses). Other salaries and wages came to $56k. At year end it held assets of $120k against liabilities of $26k, net assets of $94k. It reported 4 employees.