William Ferris Chorale

Analysis

William Ferris Chorale is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 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, William Ferris Chorale reported income of $57k and spending of $80k, spending 140% of what it took in. Across the 3 years on record, from June 2018 to June 2024, income fell from $249k to $57k (-77%), an average of -52% a year. The sharpest change came in the year to June 2023, when income dropped by 78%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, William Ferris Chorale sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include New Amsterdam Musical Association Inc ($57k), Woods and Wanton Chapter Inc ($57k) and Lowell Historical Society ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.