Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer

Analysis

Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer is a registered charity in United States, based in Sidney, IL. It received its IRS tax-exemption ruling in May 1946, 80 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 December 2023, Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer reported income of $84k and spending of $50k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $84k (+129%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer 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 Duncanville Volunteer Fire Department Inc ($84k), Friends of the Grosse Pointe Public Library ($84k) and International Snowmobile Racing Hall of Fame Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 43% of the total. At year end it held assets of $245k against liabilities of $0, net assets of $245k.