Elgin Master Chorale Inc

Analysis

Elgin Master Chorale Inc is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in April 1975, 51 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, Elgin Master Chorale Inc reported income of $339k and spending of $339k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $200k to $339k (+69%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 64%. 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, Elgin Master Chorale Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Tenet Vocal Artists ($339k), Maryland Art Place Inc ($339k) and Missoula Ravalli Transportation Management Asssociation Inc ($339k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 42% of the total. Other salaries and wages came to $143k. At year end it held assets of $254k against liabilities of $6,207, net assets of $247k. It reported 7 employees.