Arts, Culture & Humanities
(A6BZ)
IRS Verified
DX Registered
990 on File
PIEDMONT CHOIRS
Financial strength (30%)
75/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Our mission is to advance the choral arts through education, performance, and collaboration at the highest artistic level, fostering individual development and international relationships. The Choir is a both an educational institution and an arts organization. The two are inextricably linked and intertwined. We believe that music is good for children, and that choral singing is a deeply wholesome, invigorating, enriching practice.
Financial Overview — FY 2023
$1.8M
Total Revenue
$1.8M
Total Expenses
$848K
Net Assets
64
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
83.7%
Fundraising Efficiency
604.4%
Operating Reserve
5.81x
Liability-to-Asset
38.6%
Revenue Diversification
61.3%
Executive Compensation
$205K
Compared with Peers
FY 2023
Compared with 4,647 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
83.7% | 77.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.6% | 14.6% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.7% | 5.5% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
604.4% | 251.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.8 mo | 16.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
38.6% | 10.7% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
61.3% | 74.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
15.2% | 3.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
27.7% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.8% | -0.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.8M | $1.8M | $848K | 83.7% | 64 |
| 2022 | $1.5M | $1.4M | $793K | 72.8% | 57 |
| 2021 | $1.6M | $1.0M | N/A | — | 43 |
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