Choral Society of Pensacola

Analysis

Choral Society of Pensacola is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in May 1970, 56 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 July 2023, Choral Society of Pensacola reported income of $124k and spending of $102k, spending 82% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $68k to $124k (+83%), an average of +83% a year. The sharpest change came in the year to July 2023, when income rose by 83%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Choral Society of Pensacola sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include One Mile Leadership Project Inc ($124k), Topanga Banjo Fiddle Contest and Folk Festival Inc ($124k) and Parents for Student Success ($124k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 65% and program service revenue 28% of the total. At year end it held assets of $152k against liabilities of $8,769, net assets of $143k.