Charlotte Master Chorale Inc

Analysis

Charlotte Master Chorale Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2023, Charlotte Master Chorale Inc reported income of $235k and spending of $234k, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $138k to $235k (+71%), an average of +70% a year. The sharpest change came in the year to June 2023, when income rose by 71%. 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, Charlotte Master Chorale Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Grace Foundation ($235k), Cornerstone Academy of Performing Arts Inc ($235k) and Rockland Astronomy Club Inc ($235k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $50k (21% of expenses). Other salaries and wages came to $44k. At year end it held assets of $116k against liabilities of $0, net assets of $116k. It reported 4 employees.