Polymnia Choral Society Inc

Analysis

Polymnia Choral Society Inc is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in June 1972, 54 years ago. 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, Polymnia Choral Society Inc reported income of $74k and spending of $75k, spending 102% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $71k to $74k (+4.4%), an average of +4.4% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Polymnia Choral Society Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Music on the Hill Incorporated ($74k), KN Consultants Ltd ($74k) and National Association of Negro Buiness & Professional Womens C ($74k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 32% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.