Escondido Choral Arts Foundation

Analysis

Escondido Choral Arts Foundation is a registered charity in United States, based in Bonsall, CA. It received its IRS tax-exemption ruling in August 2015, 11 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, Escondido Choral Arts Foundation reported income of $53k and spending of $75k, spending 141% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $103k to $53k (-49%), an average of -49% a year. The sharpest change came in the year to June 2024, when income dropped by 49%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Escondido Choral Arts Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Soldiers and Sailors Memorial Building ($53k), Up Your Arts ($53k) and Bonniebrook Historical Society Inc ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $32k against liabilities of $403, net assets of $31k.