Choral Society of the Hamptons & South Fork Chamber Orchestra Inc

Analysis

Choral Society of the Hamptons & South Fork Chamber Orchestra Inc is a registered charity in United States, based in Bridgehampton, NY. It received its IRS tax-exemption ruling in February 1973, 53 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 August 2023, Choral Society of the Hamptons & South Fork Chamber Orchestra Inc reported income of $64k and spending of $79k, spending 125% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $90k to $64k (-29%), an average of -29% a year. The sharpest change came in the year to August 2023, when income dropped by 29%. Over the whole period it spent 115% 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 the Hamptons & South Fork Chamber Orchestra Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Ballard Jr Football Inc ($64k), Hilliard Girls Softball Association ($64k) and Rosati Center ($64k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 49% and program service revenue 46% of the total. At year end it held assets of $38k against liabilities of $4,475, net assets of $33k.