International Federation for Choral Music

Analysis

International Federation for Choral Music is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 2020, 6 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, International Federation for Choral Music reported income of $128k and spending of $170k, spending 133% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $451k to $128k (-72%), an average of -22% a year. The sharpest change came in the year to December 2022, when income rose by 176%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Federation for Choral Music 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 43rd percentile within OK. Charities of a similar size with the same main cause include Doral Contemporary Art Museum Inc ($128k), Louisiana Fur and Wildlife Festival Inc ($128k) and Midwest Salute to the Arts ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $40k (23% of expenses). At year end it held assets of $22k against liabilities of $62k, net assets of -$40k. It reported 1 employees.