Pacific Boychoir Academy

Analysis

Pacific Boychoir Academy is a registered charity in United States, based in Middletown, CA. It received its IRS tax-exemption ruling in April 2000, 26 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 July 2023, Pacific Boychoir Academy reported income of $866k and spending of $1.1m, spending 124% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.7m to $866k (-48%), an average of -15% a year. The sharpest change came in the year to July 2023, when income dropped by 54%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pacific Boychoir Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Hamilton Wood Type & Printing Museum Inc ($865k), Universal Childrens Creations Art Academy ($866k) and Aesthetic Surgery Education & Research Foundation ($865k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $15k (1.4% of expenses). Other salaries and wages came to $461k. At year end it held assets of $3.1m against liabilities of $2.5m, net assets of $547k. It reported 18 employees.