San Luis Obispo Master Chorale

Analysis

San Luis Obispo Master Chorale is a registered charity in United States, based in Atascadero, CA. It received its IRS tax-exemption ruling in August 2016, 10 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 June 2024, San Luis Obispo Master Chorale reported income of $253k and spending of $178k, leaving 30% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $219k to $253k (+16%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Luis Obispo Master Chorale sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Palestine Foundation Inc ($253k), Vero Beach Art Club Inc ($253k) and Ovation Theatre Foundation ($253k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $37k (21% of expenses). Other salaries and wages came to $37k. At year end it held assets of $498k against liabilities of $11k, net assets of $487k. It reported 77 employees.