The Norfolk Street Choir Project Inc

Analysis

The Norfolk Street Choir Project Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in January 2021, 5 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 June 2023, The Norfolk Street Choir Project Inc reported income of $128k and spending of $142k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $100k to $128k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Norfolk Street Choir Project Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Volunteers of America Inc ($128k), Friends of the Aiken County Public Library ($128k) and Family Association of Northfield Inc ($128k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.5% of the total. At year end it held assets of $39k against liabilities of $510, net assets of $38k.