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Illinois · Nonprofit

MASTERWORKS CHORALE INC

MASTERWORKS CHORALE INC (Illinois) receives grants from 4 organizations whose IRS filings report $17,949 to it, the largest being NCRC COMMUNITY DEVELOPMENT FUND INC ($10,000). 2 of them have funded it in more than one year.

Revenue FY2025
$11k
Funders on record
4
Grants received
$18k
Net assets
$0
2/4 repeat funderspeak grant-dependency 19%
01What it does

What Masterworks Chorale Inc does

Mission

Promote interest in chorale music

As stated on its FY2025 Form 990-EZ.

Program

  1. Presentation of fine choral works; promote interest in choral music and accomplish this by producing concerts for general public

    $17,094 spent
    100% of program spending

The program described on its FY2024 Form 990-EZ. Program spending in total: $17,094.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($75k) Expenses 100 ($78k) Net assets 100 ($4k)2018 Revenue 119 ($89k) Expenses 113 ($88k) Net assets 122 ($5k)2019 Revenue 129 ($97k) Expenses 123 ($96k) Net assets 149 ($6k)2020 Revenue 101 ($76k) Expenses 103 ($81k) Net assets 30 ($1k)2021 Revenue 44 ($33k) Expenses 22 ($17k) Net assets -455 ($-17740)2022 Revenue 144 ($108k) Expenses 83 ($65k) Net assets 641 ($25k)2023 Revenue 71 ($53k) Expenses 105 ($82k) Net assets -81 ($-3161)2024 Revenue 95 ($71k) Expenses 119 ($93k) Net assets -630 ($-24561)2025 Revenue 15 ($11k) Expenses 22 ($17k) Net assets 0 ($0)
'17'18'19'20'21'22'23'24'25
Revenue (15)Expenses (22)Net assets (0)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $19k to $59k (+211%).

$4k
$5k
$6k
$14k
$19k
$59k
$30k
$8k
$0
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

−$3k
’17
$852
’18
$1k
’19
−$5k
’20
$16k
’21
$43k
’22
−$28k
’23
−$21k
’24
−$6k
’25

Leadership and staff

Board chair

William Farrell

Chair

As listed on its FY2024 Form 990-EZ.

03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $2k → $10k.

Funder
'17
'18
'19
'20
'21
'22
'23
total
funders
1
1
1
2
2
1
2

1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of MASTERWORKS CHORALE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

MASTERWORKS CHORALE INC leans on a few funders — its largest provides 56% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

57% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MASTERWORKS CHORALE INC.

56%
largest funder
99%
top three
~2
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 98% · 2021 74% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

MASTERWORKS CHORALE INC draws 100% of its grant income from funders outside Illinois, across 3 states in all.

NY
NC
DC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’23
Illinois out of state home

Funder states come from each funder’s own filing. $153 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Government funding MASTERWORKS CHORALE INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $10k on record.

Federal$10k
grants $10kcontracts $0
Top agencies
  • National Endowment for the Arts$10k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like MASTERWORKS CHORALE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IL

Screen this organization

A dated, signed PDF of the compliance screen for MASTERWORKS CHORALE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MASTERWORKS CHORALE INC?
MASTERWORKS CHORALE INC (Illinois) receives grants from 4 organizations whose IRS filings report $17,949 to it, the largest being NCRC COMMUNITY DEVELOPMENT FUND INC ($10,000). 2 of them have funded it in more than one year.
How many funders does MASTERWORKS CHORALE INC have?
IRS filings report 4 organizations giving $17,949 in grants to MASTERWORKS CHORALE INC, 2 of which have funded it in more than one year.
Who is the largest funder of MASTERWORKS CHORALE INC?
NCRC COMMUNITY DEVELOPMENT FUND INC is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
How can an organization like MASTERWORKS CHORALE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Masterworks Chorale →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing