Edina Chorale

Analysis

Edina Chorale is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in September 2000, 26 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 2023, Edina Chorale reported income of $89k and spending of $84k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $69k to $89k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edina Chorale sits at the 38th percentile: it is larger than about 38% 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 Rowan County Arts Promotion Foundation Inc ($89k), Burton K Wheeler Center Inc ($89k) and Tidewater Classic Guitar Society Inc ($89k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 42% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.