Promusica Arizona Chorale & Orchestra

Analysis

Promusica Arizona Chorale & Orchestra is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2004, 22 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 2023, Promusica Arizona Chorale & Orchestra reported income of $186k and spending of $193k, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $211k to $186k (-12%), an average of -12% a year. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Promusica Arizona Chorale & Orchestra sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within AZ. Charities of a similar size with the same main cause include Friends of Thacker Mountain Radio Inc ($186k), Cohesion Dance Project ($186k) and Foundation for Critical Thinking ($186k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 21% of the total. At year end it held assets of $94k against liabilities of $4,308, net assets of $90k.