Draper Philharmonic and Choral Society

Analysis

Draper Philharmonic and Choral Society is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in March 2022, 4 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 2023, Draper Philharmonic and Choral Society reported income of $127k and spending of $125k, spending 98% of its income. Across the 2 years on record, from June 2020 to June 2023, income grew from $50k to $127k (+154%), an average of +154% a year. The sharpest change came in the year to June 2023, when income rose by 154%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Draper Philharmonic and Choral Society sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within UT. Charities of a similar size with the same main cause include Bluegrass Music Society of the Central Coast ($127k), Urban Artistry Inc ($127k) and Springfield Area Arts Council ($127k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. At year end it held assets of $17k against liabilities of $16k, net assets of $555.