Vocalessence

Analysis

Vocalessence is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1979, 47 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, Vocalessence reported income of $1.8m and spending of $2.2m, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.9m to $1.8m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vocalessence sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include National Mining Hall of Fame and Museum ($1.8m), Huntsville Museum Association Inc ($1.8m) and Mastervoices Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $423k (19% of expenses). Other salaries and wages came to $457k. At year end it held assets of $8.6m against liabilities of $84k, net assets of $8.5m. It reported 53 employees.