Society for Preservation & Encourmt of Barbershop Quartet Singing Amer

Analysis

Society for Preservation & Encourmt of Barbershop Quartet Singing Amer is a registered charity in United States, based in Wellington, FL. It received its IRS tax-exemption ruling in May 1946, 80 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 December 2023, Society for Preservation & Encourmt of Barbershop Quartet Singing Amer reported income of $145k and spending of $141k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $145k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for Preservation & Encourmt of Barbershop Quartet Singing Amer sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include United Way of Williston ($145k), Habitat for Humanity International Inc ($145k) and Olympus International Alummi Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 58% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.