The Annapolis Chorale Inc

Analysis

The Annapolis Chorale Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in October 1996, 30 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, The Annapolis Chorale Inc reported income of $458k and spending of $457k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $386k to $458k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Annapolis Chorale Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Links Hall Incorporated ($458k), Aliana Ecuatoriana Internacional ($458k) and Watonwan County Historical Society ($458k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $70k (15% of expenses). Other salaries and wages came to $36k. At year end it held assets of $111k against liabilities of $106k, net assets of $4,727. It reported 2 employees.