Louisville Youth Choir Inc

Nonprofit profile at a glance

EIN
616058143
IRS 990-EZ coverage
2009–2024
Forms available
Form 990 2021, Form 990-EZ 2024
Location
Louisville, KY, USA
Phone
5025332229
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$116,206
Expenses
$90,926
Assets
$64,477
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Terri Foster (Artistic and Executive Director)

People named in this filing

  • Bryan Fantoni (Board Chair)
  • Charles Allen (Member)
  • Cynthia Alvey (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Louisville Youth Choir creates stars of today by supporting and enhancing school music programs and by servicing unmet artistic needs in the community. Through the Louisville Youth Choir's diverse population, programs and music, LYC's leaders of tomorrow learn discipline, self-confidence, leadership and teamwork. The Louisville Youth Choir endeavors to be the regions premiere youth performing ensemble. LYC aspires to empower its singers to be advocates for the performing arts to benefit the world through collaborative partnerships with arts and community agencies.

What it reported doing in 2024

Founded in 1967, the Louisville Youth Choir (LYC) is home to six ensembles: Primary Singers (K-2nd Grade), Treble Choir (3rd-6th Grade), Aria Choir (7th-12th Grade), Chamber Choir (7th-12th Grade), Choral Scholars ((th-12th Grade) and Lascito Coro (adult SSA choir founded by alumnae of LYC and Sacred Heart Academy). As a community-based organization, LYC typically draws more than 100 children, youth, and adults, ages 6 and beyond from over 60 schools and diverse neighborhoods throughout the metropolitan area and six counties in Kentucky. LYC's music repertoire includes many styles and cultures, including major classic and modern works with orchestra and soloists. LYC offers a choral music experience unique in the region.

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 100
  • Sustainability: 66
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 36.4%; rating input score 36
  • Program expense ratio: 46.6%; rating input score 47

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 21.8%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -2.7% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -3.3% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: -4.2% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 36.4% of revenue deployed · 46.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $42K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.