Ragazzi Boys Chorus

Analysis

Ragazzi Boys Chorus is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in March 1989, 37 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 August 2023, Ragazzi Boys Chorus reported income of $1.7m and spending of $1.6m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.7m (+15%), an average of +3.5% a year. The sharpest change came in the year to August 2022, when income rose by 42%. 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, Ragazzi Boys Chorus sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Beacon Media Inc ($1.7m), Eternal Seeds Inc ($1.7m) and Ink People Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $189k (12% of expenses). Other salaries and wages came to $500k. At year end it held assets of $2.4m against liabilities of $1.4m, net assets of $1.0m. It reported 35 employees.