Angelica Cantanti Youth Choirs

Analysis

Angelica Cantanti Youth Choirs is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2024, Angelica Cantanti Youth Choirs reported income of $429k and spending of $452k, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $361k to $429k (+19%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Angelica Cantanti Youth Choirs sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Wide Rainbow Corp ($429k), District of Columbia Arts Center Inc ($429k) and Scotusblog Inc ($429k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 1.7% of the total. Other salaries and wages came to $178k. At year end it held assets of $461k against liabilities of $116k, net assets of $345k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.