North Carolina Master Chorale

Analysis

North Carolina Master Chorale is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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 June 2024, North Carolina Master Chorale reported income of $415k and spending of $457k, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $265k to $415k (+57%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Master Chorale sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Portland Metro Arts ($415k), Delivering Change Inc ($415k) and Charter Oak State College Foundation Inc ($415k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $152k (33% of expenses). Other salaries and wages came to $42k. At year end it held assets of $251k against liabilities of $6,172, net assets of $245k. It reported 4 employees.