Salt Lake Choral Artists

Analysis

Salt Lake Choral Artists is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in October 2000, 26 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 August 2023, Salt Lake Choral Artists reported income of $410k and spending of $385k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $367k to $410k (+12%), an average of +2.8% a year. The sharpest change came in the year to August 2020, when income dropped by 39%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salt Lake Choral Artists 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 UT. Charities of a similar size with the same main cause include Lalliance Francaise de Houston Inc ($410k), German Village Society ($410k) and Performance Project Inc ($410k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). Other salaries and wages came to $17k. At year end it held assets of $834k against liabilities of $34k, net assets of $800k. It reported 3 employees.