Choralis Foundation

Analysis

Choralis Foundation is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in December 2001, 25 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, Choralis Foundation reported income of $287k and spending of $369k, spending 128% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $201k to $287k (+43%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Choralis Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Jazz Houston ($287k), J Austin White Cultural Center Inc ($287k) and Alaskan Scottish Club Inc ($287k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $55k (15% of expenses). At year end it held assets of $30k against liabilities of $0, net assets of $30k.