Houston Masterworks Chorus Inc

Analysis

Houston Masterworks Chorus Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1986, 40 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, Houston Masterworks Chorus Inc reported income of $93k and spending of $84k, spending 90% of its income. Across the 4 years on record, from June 2019 to June 2024, income fell from $117k to $93k (-21%), an average of -7.4% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Houston Masterworks Chorus Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Chester County Pops Orchestra ($93k), Eritrean Community in Colorado a Nonprofit Corporation ($93k) and Middlesex County Historical Society ($93k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 13% of the total. At year end it held assets of $56k against liabilities of $1,543, net assets of $54k.