Roanoke Valley Childrens Choir Inc

Analysis

Roanoke Valley Childrens Choir Inc is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in December 2013, 13 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 July 2024, Roanoke Valley Childrens Choir Inc reported income of $361k and spending of $333k, spending 92% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $290k to $361k (+24%), an average of +4.4% a year. The sharpest change came in the year to July 2022, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roanoke Valley Childrens Choir Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Fallon Community Theatre Inc ($361k), New Bedford Fishing Heritage Center Inc ($361k) and Magic Curtain Productions Inc ($360k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $70k (21% of expenses). Other salaries and wages came to $84k. At year end it held assets of $154k against liabilities of $13k, net assets of $141k. It reported 7 employees.