Tower Chorale

Analysis

Tower Chorale is a registered charity in United States, based in Western SPRGS, IL. It received its IRS tax-exemption ruling in February 2000, 26 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 July 2024, Tower Chorale reported income of $101k and spending of $90k, spending 89% of its income. Across the 2 years on record, from July 2023 to July 2024, income grew from $82k to $101k (+22%), an average of +22% a year. The sharpest change came in the year to July 2024, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tower Chorale sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Long Haul Productions Inc ($101k), Rockwall Summer Musicals Inc ($101k) and Springfield Telescope Makers Inc ($101k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 50% and program service revenue 23% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.