Riverside Choral Society

Analysis

Riverside Choral Society is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Riverside Choral Society reported income of $127k and spending of $176k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $203k to $127k (-38%), an average of -15% a year. The sharpest change came in the year to June 2024, when income rose by 253%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverside Choral Society sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Montgomery County Law Enforcement Memorial Inc ($127k), Friends of Timberline ($127k) and Southgate Band Boosters ($127k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 60% of the total. At year end it held assets of $90k against liabilities of $577, net assets of $89k.