Masterworks Choral Ensemble

Analysis

Masterworks Choral Ensemble is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in May 1984, 42 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 June 2024, Masterworks Choral Ensemble reported income of $110k and spending of $99k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $99k to $110k (+11%), an average of +11% a year. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Masterworks Choral Ensemble sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within WA. Charities of a similar size with the same main cause include Blackhawk Band Boosters ($110k), Cne Band Boosters Inc ($110k) and Classic Car Collection ($110k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 47% of the total. At year end it held assets of $53k against liabilities of $6,772, net assets of $47k.