Choral Arts Society Incorporated

Analysis

Choral Arts Society Incorporated is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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, Choral Arts Society Incorporated reported income of $106k and spending of $104k, spending 99% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $71k to $106k (+48%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Choral Arts Society Incorporated sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within WI. Charities of a similar size with the same main cause include Bethel Volunteer Ambulance Corp Inc ($106k), Big Spring Band Boosters Inc ($106k) and Greater Kansas City-Topeka Psychoanalytic Center Inc ($106k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 32% of the total. At year end it held assets of $90k against liabilities of $14k, net assets of $76k.