Minnesota Chorale

Analysis

Minnesota Chorale is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1973, 53 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, Minnesota Chorale reported income of $453k and spending of $443k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $506k to $453k (-10%), an average of -3.6% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Chorale sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Moxie Theatre Incorporated ($453k), Ballet Theatre of Lexington Inc ($453k) and Laboratory for Icon & Idiom Inc ($453k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. Other salaries and wages came to $239k. At year end it held assets of $133k against liabilities of $25k, net assets of $108k. It reported 6 employees.