Tacoma Youth Chorus

Analysis

Tacoma Youth Chorus is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in December 1998, 28 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 2023, Tacoma Youth Chorus reported income of $281k and spending of $298k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $270k to $281k (+4.4%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 42%. 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, Tacoma Youth Chorus sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Galveston Symphony Orchestra Inc ($281k), Live Oak Theatre Company Inc ($282k) and Latino Center of Art and Culture ($281k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $105k (35% of expenses). Other salaries and wages came to $77k. At year end it held assets of $130k against liabilities of $31k, net assets of $98k. It reported 8 employees.