Turtle Creek Chorale Inc

Analysis

Turtle Creek Chorale Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1982, 44 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, Turtle Creek Chorale Inc reported income of $1.0m and spending of $1.3m, spending 127% of what it took in. Across the 6 years on record, from July 2019 to December 2023, income grew from $797k to $1.0m (+29%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 99%. 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, Turtle Creek Chorale Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Eubie Blake National Jazz Institute and Cultural Center Inc ($1.0m), Natl Assoc for Research in Science Teaching the Univ of Calgary Narst ($1.0m) and Childrens Museum of Oak Park Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $103k (7.8% of expenses). Other salaries and wages came to $331k. At year end it held assets of $692k against liabilities of $460k, net assets of $232k. It reported 12 employees.