Colorado Springs Childrens Chorale

Analysis

Colorado Springs Childrens Chorale is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 1988, 38 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 July 2023, Colorado Springs Childrens Chorale reported income of $422k and spending of $505k, spending 120% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $394k to $422k (+7.0%), an average of +2.3% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Springs Childrens Chorale sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Sterling Hill Mining Museum Inc ($422k), Gujarati Samaj of New York Inc ($422k) and Objective Standard Institute ($422k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 28% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $54k (11% of expenses). Other salaries and wages came to $140k. At year end it held assets of $71k against liabilities of $216k, net assets of -$145k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.