Venice Chorale Inc

Analysis

Venice Chorale Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in August 2002, 24 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 June 2024, Venice Chorale Inc reported income of $79k and spending of $91k, spending 116% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $93k to $79k (-16%), an average of -16% a year. The sharpest change came in the year to June 2024, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Venice Chorale Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include International Association for the Fantastic in the Arts ($79k), Upstart Crows of Sante Fe ($79k) and Central Coast Childrens Choir ($79k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 32% and program service revenue 44% of the total. At year end it held assets of $71k against liabilities of $29k, net assets of $42k.