Carolina Concert Choir

Analysis

Carolina Concert Choir is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in July 1982, 44 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, Carolina Concert Choir reported income of $98k and spending of $109k, spending 112% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $50k to $98k (+97%), an average of +97% a year. The sharpest change came in the year to June 2024, when income rose by 97%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carolina Concert Choir sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include New York Rotary Foundation ($98k), Charleston Youth Company Inc ($98k) and PTA Florida Congress ($98k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 20% of the total. At year end it held assets of $9,158 against liabilities of $12k, net assets of -$2,740.