Cape Fear Chorale Inc

Analysis

Cape Fear Chorale Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in June 2009, 17 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 December 2023, Cape Fear Chorale Inc reported income of $59k and spending of $51k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $59k (-8.2%), an average of -8.2% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Fear Chorale Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Hopkinton Music Association ($59k), The Texas Military Forces Historical Foundation ($59k) and Prairie Duchien Historical Society ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 9.6% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.