Choral Arts Initiative

Analysis

Choral Arts Initiative is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Choral Arts Initiative reported income of $132k and spending of $123k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $132k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Choral Arts Initiative sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Indian Cultural Society Ofjacksonville Inc ($132k), Concordia Heritage Association Inc ($132k) and North Central Wisconsin Antique Steam and Gas Engine Club Inc ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. At year end it held assets of $67k against liabilities of $23k, net assets of $43k.