Masterworks Chorale Society

Analysis

Masterworks Chorale Society is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in September 1983, 43 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 2024, Masterworks Chorale Society reported income of $419k and spending of $341k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $229k to $419k (+83%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 78% 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 Chorale Society 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 69th percentile within CA. Charities of a similar size with the same main cause include Heart of the Arts Inc ($419k), Theodore Roosevelt Assn ($419k) and Science for Monks ($419k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $96k (28% of expenses). Other salaries and wages came to $83k. At year end it held assets of $457k against liabilities of $9,524, net assets of $447k. It reported 74 employees.