Monmouth Civic Chorus Inc

Analysis

Monmouth Civic Chorus Inc is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in November 1957, 69 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 June 2023, Monmouth Civic Chorus Inc reported income of $125k and spending of $124k, spending 99% of its income. Across the 2 years on record, from June 2021 to June 2023, income grew from $108k to $125k (+16%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monmouth Civic Chorus Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Norman Dixon Sr Annual Second Line Parade Fund ($125k), American Beethoven Society ($125k) and Alwan Foundation Inc ($125k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 36% of the total. At year end it held assets of $473k against liabilities of $0, net assets of $473k.