Cincinnati Boychoir Inc

Analysis

Cincinnati Boychoir Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cincinnati Boychoir Inc reported income of $351k and spending of $266k, leaving 24% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $634k to $351k (-45%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cincinnati Boychoir Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Reading Public Library Foundation Inc ($351k), Cathedral Heritage Foundation ($351k) and Longview Symphony League ($351k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $62k (23% of expenses). Other salaries and wages came to $100k. It paid $7,070 in professional fundraising fees. At year end it held assets of $560k against liabilities of $9,953, net assets of $551k. It reported 6 employees.