Choir School of Newport County Inc

Analysis

Choir School of Newport County Inc is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in March 2017, 9 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Choir School of Newport County Inc reported income of $220k and spending of $164k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $311k to $220k (-29%), an average of -8.4% a year. The sharpest change came in the year to December 2023, when income rose by 329%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Choir School of Newport County Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 52nd percentile within RI. Charities of a similar size with the same main cause include Dewitt Public Library ($220k), Habitat for Humanity International Inc ($220k) and North Boulder Little League ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Other salaries and wages came to $52k. At year end it held assets of $104k against liabilities of $1,724, net assets of $102k. It reported 2 employees.