Master Chorale of South Florida Inc

Analysis

Master Chorale of South Florida Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in September 2003, 23 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 May 2024, Master Chorale of South Florida Inc reported income of $512k and spending of $546k, spending 107% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income grew from $243k to $512k (+111%), an average of +16% a year. The sharpest change came in the year to May 2023, when income rose by 37%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Master Chorale of South Florida Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Art with Impact ($512k), Giant Screen Cinema Association ($512k) and George a Spiva Center for the Arts ($512k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $111k (20% of expenses). It paid $34k in professional fundraising fees. At year end it held assets of $121k against liabilities of $110k, net assets of $12k. It reported 3 employees.