Gala Choruses Inc

Analysis

Gala Choruses Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1984, 42 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 December 2023, Gala Choruses Inc reported income of $822k and spending of $627k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $822k (+244%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 258%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gala Choruses Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Port Aransas Preservation and Historical Association ($822k), Friends of Flight 93 National Memorial Inc ($822k) and Jeff Pino Foundation ($822k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.5% of the total. At year end it held assets of $2.1m against liabilities of $2.2m, net assets of -$21k.