Virginia Choral Society Inc

Analysis

Virginia Choral Society Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in February 1963, 63 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, Virginia Choral Society Inc reported income of $75k and spending of $98k, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $28k to $75k (+165%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 312%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Choral Society Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Hoofprints of the Past ($75k), Great Hall Performance Foundation Inc ($75k) and Arts Society of Kingston Inc ($75k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 24% of the total. Other salaries and wages came to $35k. At year end it held assets of $962k against liabilities of -$550, net assets of $962k. It reported 3 employees.