Twin Cities Gay Mens Chorus

Analysis

Twin Cities Gay Mens Chorus is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Twin Cities Gay Mens Chorus reported income of $452k and spending of $479k, spending 106% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $504k to $452k (-10%), an average of -2.7% a year. The sharpest change came in the year to July 2023, when income dropped by 16%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Twin Cities Gay Mens Chorus sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Friends of FM 90 ($452k), Glass Art Society Inc ($452k) and Gospel Music Hymn Sing Foundation Incorporated ($452k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 80% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $64k (13% of expenses). Other salaries and wages came to $126k. At year end it held assets of $507k against liabilities of $54k, net assets of $453k. It reported 5 employees.