Choral Art Society

Analysis

Choral Art Society is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Choral Art Society reported income of $185k and spending of $156k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $137k to $185k (+35%), an average of +35% a year. The sharpest change came in the year to June 2024, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Choral Art Society sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 45th percentile within ME. Charities of a similar size with the same main cause include Mountain Artist Guild ($185k), 307 Dance Academy ($185k) and Bel Cantanti Opera Company ($185k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 51% of the total. Other salaries and wages came to $72k. At year end it held assets of $227k against liabilities of $10k, net assets of $217k. It reported 6 employees.