Los Angeles Master Chorale Assn

Analysis

Los Angeles Master Chorale Assn is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1965, 61 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 2023, Los Angeles Master Chorale Assn reported income of $11.7m and spending of $8.2m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $11.7m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Master Chorale Assn sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Springboard for the Arts ($11.7m), Merit School of Music ($11.7m) and Childrens Museum of Denver Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $842k (10% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $12.3m against liabilities of $1.8m, net assets of $10.5m. It reported 316 employees.