Canticorum Virtuosi Inc

Analysis

Canticorum Virtuosi Inc is a registered charity in United States, based in Queens VLG, NY. It received its IRS tax-exemption ruling in January 1985, 41 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 2023, Canticorum Virtuosi Inc reported income of $269k and spending of $319k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $211k to $269k (+27%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canticorum Virtuosi Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Southern California Marine Corps Support Group ($269k), California Colorectal Cancer Coalition ($269k) and Little League Baseball Inc ($269k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $57k (18% of expenses). Other salaries and wages came to $95k. At year end it held assets of $57k against liabilities of $8,970, net assets of $48k. It reported 46 employees.