Colorado Korean Chorus

Analysis

Colorado Korean Chorus is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in July 2011, 15 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, Colorado Korean Chorus reported income of $73k and spending of $95k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $73k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Korean Chorus sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within CO. Charities of a similar size with the same main cause include Boyne Arts Collective ($73k), Toledo Firefighters Museum Inc ($73k) and Belladonna Series ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 9.1% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.