Virginia Chorale

Analysis

Virginia Chorale is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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, Virginia Chorale reported income of $177k and spending of $175k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $152k to $177k (+17%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Chorale sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Waterford Public Library Inc ($177k), Pat Yarbrough Evangelistic Association ($177k) and Pleasant Valley Historical Society ($177k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 20% of the total. At year end it held assets of $55k against liabilities of $131, net assets of $55k.