Colorado Vocal Arts Ensemble

Analysis

Colorado Vocal Arts Ensemble is a registered charity in United States, based in Monument, CO. It received its IRS tax-exemption ruling in March 1995, 31 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 July 2023, Colorado Vocal Arts Ensemble reported income of $69k and spending of $74k, spending 108% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $85k to $69k (-20%), an average of -20% a year. The sharpest change came in the year to July 2023, when income dropped by 20%. Over the whole period it spent 85% 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 Vocal Arts Ensemble sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include The Nowodworski Foundation Charity Cultural and Educational Exchange ($69k), Christian Books Publishing House ($69k) and Memphis Cultural Arts Enrichment Center ($69k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 79% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $32k (43% of expenses). It paid $1,188 in professional fundraising fees. At year end it held assets of $212k against liabilities of $1,125, net assets of $211k. It reported 1 employees.