Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer

Analysis

Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 1946, 80 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 December 2023, Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer reported income of $73k and spending of $69k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $73k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include Tonganoxie Community Historical Society Inc ($73k), Bag Pipes and Drums Emerald Society Chicago Police Dept ($73k) and Carnegie Free Library ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 67% of the total. At year end it held assets of $154k against liabilities of $192, net assets of $154k.