Miami Childrens Chorus Inc

Analysis

Miami Childrens Chorus Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1972, 54 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 (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 2023, Miami Childrens Chorus Inc reported income of $398k and spending of $358k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $284k to $398k (+40%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miami Childrens Chorus Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Coda Resource Publishing ($398k), Berrien Artist Guild Inc ($398k) and Central Wisconsin Symphony Orchestra Inc ($398k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $120k (33% of expenses). Other salaries and wages came to $43k. At year end it held assets of $254k against liabilities of $4,265, net assets of $250k. It reported 9 employees.