Friends of the Choral Society Inc

Analysis

Friends of the Choral Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Friends of the Choral Society Inc reported income of $240k and spending of $246k, spending 103% of its income. Across the 4 years on record, from July 2019 to July 2024, income grew from $205k to $240k (+17%), an average of +5.4% a year. The sharpest change came in the year to July 2023, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Choral Society Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Arts Enter Cape Charles Inc ($240k), Crawford County Historical Society ($240k) and Baton Rouge Symphony League Inc ($240k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 61% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $10k (4.1% of expenses). At year end it held assets of $287k against liabilities of $0, net assets of $287k.