Hilton Head Choral Society Inc

Analysis

Hilton Head Choral Society Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in May 1989, 37 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 May 2024, Hilton Head Choral Society Inc reported income of $160k and spending of $187k, spending 117% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income fell from $224k to $160k (-29%), an average of -16% a year. The sharpest change came in the year to May 2024, when income dropped by 24%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hilton Head Choral Society Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within SC. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($160k), Kelly New Day Ministries ($160k) and Customer Education Management Association ($160k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 34% and program service revenue 57% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.