Quintessence Choral Artists of the Southwest

Analysis

Quintessence Choral Artists of the Southwest is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 May 2024, Quintessence Choral Artists of the Southwest reported income of $105k and spending of $111k, spending 106% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $88k to $105k (+20%), an average of +4.6% a year. The sharpest change came in the year to May 2023, when income rose by 92%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quintessence Choral Artists of the Southwest sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within NM. Charities of a similar size with the same main cause include Vet First Inc ($105k), Delanco Library Association ($105k) and National Society of the Sons of the American Revolution ($105k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.