Masterworks Chorale

Analysis

Masterworks Chorale is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in January 1979, 47 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 June 2023, Masterworks Chorale reported income of $76k and spending of $67k, spending 88% of its income. Across the 2 years on record, from June 2021 to June 2023, income grew from $36k to $76k (+111%), an average of +111% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Masterworks Chorale sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Salem Community Theatre & Cultural Center Inc ($76k), Zullo Gallery Center for the Arts ($76k) and Parable Fund ($76k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 19% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.