Red Rose Childrens Choir of Lake County

Analysis

Red Rose Childrens Choir of Lake County is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in September 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Red Rose Childrens Choir of Lake County reported income of $104k and spending of $115k, spending 111% of what it took in. Across the 3 years on record, from June 2020 to June 2024, income fell from $294k to $104k (-65%), an average of -40% a year. The sharpest change came in the year to June 2023, when income dropped by 69%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Rose Childrens Choir of Lake County sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Beardance Inc ($104k), New Ulm Suzuki School of Music ($104k) and Connecticut Early Music Society Inc ($104k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 33% of the total. At year end it held assets of $64k against liabilities of $437, net assets of $63k.