Monterey Peninsula Choral Society

Analysis

Monterey Peninsula Choral Society is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in October 1966, 60 years ago. 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 December 2023, Monterey Peninsula Choral Society reported income of $89k and spending of $78k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $89k (+2.9%), an average of +2.9% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monterey Peninsula Choral Society sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($89k), Society of Health and Physical Educators of Colorado ($89k) and Operation Sweet Life Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.