Loveland Community Choir Inc

Analysis

Loveland Community Choir Inc is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in May 1982, 44 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 2024, Loveland Community Choir Inc reported income of $84k and spending of $95k, spending 112% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $90k to $84k (-5.7%), an average of -5.7% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loveland Community Choir Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within CO. Charities of a similar size with the same main cause include American Youth Football Inc ($84k), Emergency Relief Association of Lower Bucks County ($84k) and Indiana Cpa Educational Foundation Inc ($84k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 70% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.