Charlotte Choir School

Analysis

Charlotte Choir School is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 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, Charlotte Choir School reported income of $340k and spending of $369k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $294k to $340k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlotte Choir School sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Rci-Iibec Foundation Inc ($340k), Turkish American Culturalassociation of Washington ($340k) and Project 440 Inc ($340k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $78k (21% of expenses). Other salaries and wages came to $113k. At year end it held assets of $500k against liabilities of $0, net assets of $500k.