Summit Choral Society Inc

Analysis

Summit Choral Society Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in January 1991, 35 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, Summit Choral Society Inc reported income of $364k and spending of $395k, spending 109% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $297k to $364k (+22%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Summit Choral Society Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Plymouth Art Foundation Inc ($364k), American Saddle Horse Museum Association Inc ($364k) and Measurement Science Conference Inc ($364k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $78k (20% of expenses). Other salaries and wages came to $121k. At year end it held assets of $186k against liabilities of $8,887, net assets of $178k. It reported 4 employees.