Chorus Austin Inc

Analysis

Chorus Austin Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 1971, 55 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, Chorus Austin Inc reported income of $254k and spending of $334k, spending 132% of what it took in. Across the 4 years on record, from July 2019 to July 2023, income fell from $294k to $254k (-14%), an average of -4.8% a year. The sharpest change came in the year to July 2022, when income rose by 19%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chorus Austin Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include SW Parent-Child Collective ($254k), Pop Warner Little Scholars Inc ($254k) and Roslyn Boys Club of Roslyn Pa ($254k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $24k (7.2% of expenses). Other salaries and wages came to $110k. At year end it held assets of $56k against liabilities of $149k, net assets of -$93k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.