Frederic Chopin Society Inc

Analysis

Frederic Chopin Society Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1985, 41 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 June 2024, Frederic Chopin Society Inc reported income of $89k and spending of $75k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $57k to $89k (+55%), an average of +55% a year. The sharpest change came in the year to June 2024, when income rose by 55%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frederic Chopin Society Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Mazomanie Wild West Days Assoc Inc ($89k), Gateway Festival Orchestra of St Louis ($89k) and Cape Blanco Heritage Society Inc ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 73% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.