Spectrum Choral Society

Analysis

Spectrum Choral Society is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in July 1986, 40 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 August 2024, Spectrum Choral Society reported income of $56k and spending of $46k, spending 83% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $51k to $56k (+10%), an average of +5.0% a year. The sharpest change came in the year to August 2024, when income rose by 48%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spectrum Choral Society sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Pioneer Memorial Park Inc ($56k), Tennessee Citizens for Wilderness Planning ($56k) and Third Presbyterian Church Endowment Corporation ($56k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 52% and program service revenue 34% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.