Palm Beach Childrens Chorus Inc

Analysis

Palm Beach Childrens Chorus Inc is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Palm Beach Childrens Chorus Inc reported income of $53k and spending of $59k, spending 113% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $95k to $53k (-44%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Palm Beach Childrens Chorus Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include The Pearl Fund ($53k), Wallburg Elementary School PTO ($53k) and Win Together TR ($53k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.