Bainbridge Chorale

Analysis

Bainbridge Chorale is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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 June 2023, Bainbridge Chorale reported income of $150k and spending of $129k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $86k to $150k (+74%), an average of +74% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bainbridge Chorale sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include Florida Watercolor Society Inc ($150k), Social and Learning Institute Incorporated ($150k) and The Stanly County Arts Council Inc ($150k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 11% of the total. At year end it held assets of $84k against liabilities of $4, net assets of $84k.