Honors Choirs of Southeast Minnesota

Analysis

Honors Choirs of Southeast Minnesota is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in May 1993, 33 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 2023, Honors Choirs of Southeast Minnesota reported income of $535k and spending of $612k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $689k to $535k (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2022, when income rose by 121%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honors Choirs of Southeast Minnesota sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Assistance League of Bend ($535k), Mission Safety International Inc ($535k) and Limestone County Fair Association ($535k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $129k (21% of expenses). Other salaries and wages came to $84k. At year end it held assets of $187k against liabilities of $26k, net assets of $161k. It reported 8 employees.