Harmonium a Classical Choral Society Inc

Analysis

Harmonium a Classical Choral Society Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in July 1983, 43 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 June 2024, Harmonium a Classical Choral Society Inc reported income of $317k and spending of $165k, leaving 48% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $128k to $317k (+147%), an average of +147% a year. The sharpest change came in the year to June 2024, when income rose by 147%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harmonium a Classical Choral Society Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include River City Mixed Chorus ($317k), Sonshine Soup Kitchen ($317k) and Ripley County Senior Citizens Club ($317k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $100k (61% of expenses). At year end it held assets of $264k against liabilities of $20k, net assets of $244k. It reported 2 employees.