Legacy Chorale of Greater Minnesota

Analysis

Legacy Chorale of Greater Minnesota is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in November 2002, 24 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 December 2023, Legacy Chorale of Greater Minnesota reported income of $70k and spending of $101k, spending 146% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $70k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Legacy Chorale of Greater Minnesota sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include International Suzuki Association ($70k), San Musae Culture Center ($70k) and Reforming Arts Incorporated ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 27% of the total. At year end it held assets of $34k against liabilities of $1,862, net assets of $32k.