Ars Musica Chorale Inc

Analysis

Ars Musica Chorale Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in March 1975, 51 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 2024, Ars Musica Chorale Inc reported income of $112k and spending of $85k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $80k to $112k (+40%), an average of +40% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ars Musica Chorale Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include International Lightning Class ($112k), Turtle Lake Community Hospital Association ($112k) and Historical Society of Dunkirk New York ($112k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 25% of the total. At year end it held assets of $147k against liabilities of $469, net assets of $146k.