Chicago Master Singers

Analysis

Chicago Master Singers is a registered charity in United States, based in Barrington, IL. It received its IRS tax-exemption ruling in August 1987, 39 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 Master Singers reported income of $332k and spending of $254k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $580k to $332k (-43%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 261%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Master Singers sits at the 62nd percentile: it is larger than about 62% 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 Portage County Youth Soccer Ltd ($332k), Shiawassee Arts Council ($332k) and Grace Community Center Inc ($332k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 24% of the total. At year end it held assets of $414k against liabilities of $6,584, net assets of $407k.