Grace Chorale of Brooklyn

Analysis

Grace Chorale of Brooklyn is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1981, 45 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 July 2023, Grace Chorale of Brooklyn reported income of $88k and spending of $93k, spending 106% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income grew from $73k to $88k (+19%), an average of +19% a year. The sharpest change came in the year to July 2023, when income rose by 19%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grace Chorale of Brooklyn sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Social Dance Cultures a Non-Profit Public Benefit Corporation ($88k), Curtains Up Youth Theatre ($88k) and Scituate Arts Association Inc ($88k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 49% and program service revenue 14% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.