Madison Youth Choirs Inc

Analysis

Madison Youth Choirs Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 1972, 54 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 June 2023, Madison Youth Choirs Inc reported income of $829k and spending of $647k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $624k to $829k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Youth Choirs Inc 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 77th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include Milestone Democratic School Inc ($829k), Philanthropi Charitable ($829k) and Knowledge Arts Foundation ($828k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $168k (26% of expenses). Other salaries and wages came to $248k. At year end it held assets of $964k against liabilities of $42k, net assets of $922k. It reported 24 employees.