Verdi Chorus

Analysis

Verdi Chorus is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in May 1999, 27 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 December 2023, Verdi Chorus reported income of $189k and spending of $178k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $189k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Verdi Chorus sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Music Art Puppet Sound Inc ($189k), The Times Theater Inc ($189k) and Pacific Prowler Nonprofit ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 19% of the total. At year end it held assets of $188k against liabilities of $24, net assets of $187k.