Vivace Youth Chorus of San Jose

Analysis

Vivace Youth Chorus of San Jose is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 2004, 22 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 June 2024, Vivace Youth Chorus of San Jose reported income of $228k and spending of $253k, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $300k to $228k (-24%), an average of -5.3% a year. The sharpest change came in the year to June 2024, when income dropped by 23%. 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, Vivace Youth Chorus of San Jose sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Gujarati Samaj of Greater Kansas City Inc ($228k), Arte Flamenco Dance Theatre ($228k) and Arts for All Kentucky Inc ($228k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $157k (62% of expenses). At year end it held assets of $84k against liabilities of $70k, net assets of $14k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.