Raleigh Youth Choir

Analysis

Raleigh Youth Choir is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1980, 46 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, Raleigh Youth Choir reported income of $185k and spending of $192k, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $167k to $185k (+11%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 222%. Over the whole period it spent 163% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raleigh Youth Choir sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Knights of the Golden Trail ($185k), Kentucky Extension Homemakers Association Inc ($185k) and Los Angeles Chamber Ballet Inc ($185k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $75k (39% of expenses). At year end it held assets of $400k against liabilities of $19k, net assets of $382k. It reported 2 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.