Childrens Chorus of Maryland

Analysis

Childrens Chorus of Maryland is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in May 1978, 48 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Childrens Chorus of Maryland reported income of $319k and spending of $373k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $345k to $319k (-7.5%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income dropped by 51%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Chorus of Maryland sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include In Black Ink ($319k), Blue Earth County Historical Society ($319k) and Riverside Childrens Theatre ($319k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $166k (44% of expenses). Other salaries and wages came to $88k. At year end it held assets of $78k against liabilities of $217k, net assets of -$139k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.