Lake Superior Youth Chorus Inc

Analysis

Lake Superior Youth Chorus Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in December 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 (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 2023, Lake Superior Youth Chorus Inc reported income of $251k and spending of $276k, spending 110% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $235k to $251k (+6.7%), an average of +6.7% a year. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Superior Youth Chorus Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include The Soul Phone Foundation ($251k), Russell County Historical Society ($251k) and Brunswick County Arts Council Inc ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $53k (19% of expenses). Other salaries and wages came to $60k. At year end it held assets of $19k against liabilities of $20k, net assets of -$1,366. It reported 18 employees.