Concert Singers of Cary

Analysis

Concert Singers of Cary is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in July 1992, 34 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 2024, Concert Singers of Cary reported income of $89k and spending of $107k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $87k to $89k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income dropped by 39%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concert Singers of Cary sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Columbia Club Foundation Inc ($89k), Perquimans County Restoration Association Inc ($89k) and Macon Film Festival Inc ($89k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 26% of the total. At year end it held assets of $196k against liabilities of $4,261, net assets of $192k.