Choral Society of Durham Inc

Analysis

Choral Society of Durham Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 1958, 68 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, Choral Society of Durham Inc reported income of $188k and spending of $181k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $281k to $188k (-33%), an average of -9.6% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Choral Society of Durham Inc sits at the 58th percentile: it is larger than about 58% 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 Ballet Resource Active Volunteer Assoc ($188k), Society for Neuroeconomics Inc ($188k) and Indy Convergence Inc ($188k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $49k (27% of expenses). Other salaries and wages came to $23k. At year end it held assets of $807k against liabilities of $2,223, net assets of $805k. It reported 1 employees.