Texas Girls Choir Inc

Analysis

Texas Girls Choir Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in February 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Girls Choir Inc reported income of $463k and spending of $490k, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $678k to $463k (-32%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Girls Choir Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include American Federation for Medical Research ($463k), Pacific Northwest School of Music ($463k) and Software in the Public Interest Inc ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $76k (16% of expenses). Other salaries and wages came to $166k. At year end it held assets of $719k against liabilities of $157k, net assets of $562k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.