Heritage Signature Chorale

Analysis

Heritage Signature Chorale is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Heritage Signature Chorale reported income of $53k and spending of $73k, spending 138% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $68k to $53k (-23%), an average of -23% a year. The sharpest change came in the year to August 2023, when income dropped by 23%. 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, Heritage Signature Chorale sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 11th percentile within DC. Charities of a similar size with the same main cause include Artwalk Presents ($53k), Studebaker National Museum Foundation Inc ($53k) and Soromundi Lesbian Chorus of Eugene ($53k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.