Angel City Chorale

Analysis

Angel City Chorale is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2006, 20 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, Angel City Chorale reported income of $902k and spending of $917k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $653k to $902k (+38%), an average of +8.4% a year. The sharpest change came in the year to August 2022, when income rose by 98%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Angel City Chorale sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include The National Center for Frontier Communities ($902k), Franconia Sculpture Park ($902k) and Lyric Stage Inc ($902k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $168k (18% of expenses). At year end it held assets of $658k against liabilities of $25k, net assets of $633k. It reported 5 employees.