Pensacola Childrens Chorus Inc

Analysis

Pensacola Childrens Chorus Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in October 1994, 32 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, Pensacola Childrens Chorus Inc reported income of $777k and spending of $896k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $745k to $777k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pensacola Childrens Chorus Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Elizabeth James Senior Housing ($777k), National Council on Alcoholism and Drug Dependence of Central Ms Area ($777k) and Amateur Athletic Union of the United States Inc ($777k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Other salaries and wages came to $431k. At year end it held assets of $1.0m against liabilities of $39k, net assets of $971k. It reported 10 employees.