Plano Civic Chorus

Analysis

Plano Civic Chorus is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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 June 2023, Plano Civic Chorus reported income of $116k and spending of $104k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $86k to $116k (+35%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plano Civic Chorus sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Asheville Chamber Music Inc ($116k), Cottonwood Heights Figure Skating Club ($116k) and Senior Citizens of Shasta County ($116k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $56k against liabilities of $5,716, net assets of $50k.