New York Choral Society Inc

Analysis

New York Choral Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1986, 40 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 May 2023, New York Choral Society Inc reported income of $761k and spending of $449k, leaving 41% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $423k to $761k (+80%), an average of +22% a year. The sharpest change came in the year to May 2023, when income rose by 124%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Choral Society Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Volunteers of America Inc ($761k), National Church Residences Madison Manor Mi ($761k) and Forever Caring Fund of East Pa Conference of Churches of God ($761k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 95% and program service revenue 2.5% of the total. At year end it held assets of $437k against liabilities of $88k, net assets of $348k. It reported 2 employees.