New Midwest Chorale Inc

Analysis

New Midwest Chorale Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in July 2017, 9 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, New Midwest Chorale Inc reported income of $51k and spending of $45k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $43k to $51k (+19%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Midwest Chorale Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IA. Charities of a similar size with the same main cause include Friends of Mendelsohn ($51k), Savannahian Publishing ($51k) and Lexington County Choral Society ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 40% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.