Credo Choir

Analysis

Credo Choir is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2016, 10 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, Credo Choir reported income of $139k and spending of $120k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $139k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Credo Choir sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Stars Foundation ($139k), The Boston Cecilia Inc ($139k) and Kearny Point Gardenship Inc ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 17% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.