Reading Choral Society

Analysis

Reading Choral Society is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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, Reading Choral Society reported income of $164k and spending of $119k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $138k to $164k (+19%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reading Choral Society 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 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Mendocino Ballet ($164k), Wounded Warrior Ohana ($164k) and Clover-Roane Vol Fire Department Incorporated ($164k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 8.7% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.