Key Chorale Inc

Analysis

Key Chorale Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 1987, 39 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 2023, Key Chorale Inc reported income of $851k and spending of $844k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $410k to $851k (+108%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key Chorale Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Boy Scouts of America ($851k), Gage County Foundation Inc ($851k) and Lasalle Foundation ($851k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $12k (1.4% of expenses). Other salaries and wages came to $74k. At year end it held assets of $716k against liabilities of $428k, net assets of $288k. It reported 2 employees.