Zamir Choral Foundation Inc

Analysis

Zamir Choral Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1967, 59 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 August 2023, Zamir Choral Foundation Inc reported income of $2.0m and spending of $2.5m, spending 123% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $2.0m (+12%), an average of +2.9% a year. The sharpest change came in the year to August 2022, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Zamir Choral Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Tybee Island Historical Society Inc ($2.0m), Scottsdale Artists School Inc ($2.0m) and National Youngarts Foundation Supporting Organization ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $187k (7.6% of expenses). Other salaries and wages came to $559k. At year end it held assets of $613k against liabilities of $163k, net assets of $451k. It reported 11 employees.