Masterworks Chorale

Analysis

Masterworks Chorale is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in June 1959, 67 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 August 2023, Masterworks Chorale reported income of $136k and spending of $150k, spending 110% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $73k to $136k (+85%), an average of +85% a year. The sharpest change came in the year to August 2023, when income rose by 85%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masterworks Chorale sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Marengo County Historical Society Inc ($136k), Chadbourne Family and Faculty Association ($136k) and Semans Art Fund ($136k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 62% and program service revenue 27% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.