Colorado Springs Choral Society

Analysis

Colorado Springs Choral Society is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 1969, 57 years ago. 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, Colorado Springs Choral Society reported income of $234k and spending of $227k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $196k to $234k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2020, when income rose by 142%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Springs Choral Society sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CO. Charities of a similar size with the same main cause include Madison County Senior Citizens Association Inc ($234k), Mahdavia Islamic Center of Chicago ($234k) and Saint Marianne Cope Shrine & Museum ($234k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $50k (22% of expenses). Other salaries and wages came to $75k. At year end it held assets of $654k against liabilities of $10k, net assets of $644k. It reported 8 employees.