Chicago Choral Artists

Analysis

Chicago Choral Artists is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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, Chicago Choral Artists reported income of $84k and spending of $96k, spending 114% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $102k to $84k (-18%), an average of -9.5% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Choral Artists sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Pleasant Ridge Foundation ($84k), Lee County Historical Society ($84k) and Midcoast Forum on Foreign Relations ($84k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.