Chattanooga Boys Choir

Analysis

Chattanooga Boys Choir is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in February 1958, 68 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Chattanooga Boys Choir reported income of $317k and spending of $296k, spending 93% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $234k to $317k (+36%), an average of +7.9% a year. The sharpest change came in the year to July 2022, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chattanooga Boys Choir sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Cheza Nami Foundation Inc ($317k), Sri Veda Vidya Peetham ($318k) and Sandusky Area Maritime Association ($317k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 37% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $15k (4.9% of expenses). Other salaries and wages came to $117k. At year end it held assets of $137k against liabilities of $6,141, net assets of $130k. It reported 12 employees.