Island Choral Experience

Analysis

Island Choral Experience is a registered charity in United States, based in Mercer Island, WA. It received its IRS tax-exemption ruling in September 2001, 25 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 June 2023, Island Choral Experience reported income of $353k and spending of $361k, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $344k to $353k (+2.6%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Island Choral Experience sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Baileys Cafe Inc ($353k), Playhouse 46 Inc ($353k) and Colorado Model Railroad Museum ($353k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 91% of the total. Other salaries and wages came to $218k. At year end it held assets of $138k against liabilities of $74k, net assets of $64k. It reported 6 employees.