Masterworks Chorale Inc

Analysis

Masterworks Chorale Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in September 1979, 47 years ago. 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 June 2024, Masterworks Chorale Inc reported income of $167k and spending of $104k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $141k to $167k (+18%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Masterworks Chorale Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Little League Baseball Inc ($167k), Citizens Committee to Save Our Canyons ($167k) and Lasalle County Historical Society ($167k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 5.8% of the total. At year end it held assets of $224k against liabilities of $0, net assets of $224k.