Bach Akademie Charlotte
EIN: 822472670 · Charlotte, NC
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $212K |
| Net Assets | $39K |
Is Bach Akademie Charlotte Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bach Akademie Charlotte
Bach Akademie Charlotte (EIN: 822472670) is a nonprofit organization based in Charlotte, NC. The organization reported total revenue of $314K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bach Akademie Charlotte's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bach Akademie Charlotte is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2018–2024). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $284K |
| Total Expenses | $212K |
| Surplus / Deficit | +$73K |
| Total Assets | $39K |
| Net Assets | $39K |
| Operating Margin | 25.5% |
| Months of Reserves | 2.2 months |
Financial Health Grade: A
In 2024, Bach Akademie Charlotte reported a surplus of $73K with revenue exceeding expenses, holds 2.2 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2018–2024), Bach Akademie Charlotte's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.5% | -24.4% | — |
| 2023 | +79.8% | +31.5% | -103.6% |
| 2022 | +277.8% | +730.0% | -13.7% |
| 2021 | -49.4% | -57.7% | +20.4% |
| 2020 | -49.1% | -60.3% | +571.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bach Akademie Charlotte has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bach Akademie Charlotte with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $73K, with revenue exceeding expenses.
Frequently Asked Questions about Bach Akademie Charlotte
Is Bach Akademie Charlotte a legitimate charity?
Bach Akademie Charlotte (EIN: 822472670) is a registered tax-exempt nonprofit based in North Carolina. It has 7 years of IRS 990 filings on record. Total revenue: $314K. No red flags identified. Financial health grade: A.
How does Bach Akademie Charlotte spend its money?
Bach Akademie Charlotte reported $314K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bach Akademie Charlotte tax-deductible?
Bach Akademie Charlotte is registered as a tax-exempt nonprofit (EIN: 822472670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bach Akademie Charlotte located?
Bach Akademie Charlotte is headquartered in Charlotte, North Carolina and files with the IRS under EIN 822472670.
How many years of IRS 990 filings does Bach Akademie Charlotte have?
Bach Akademie Charlotte has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $314K in total revenue.
Filing History
IRS 990 filing history for Bach Akademie Charlotte showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2018–2024), Bach Akademie Charlotte's revenue has grown by 184.2%, moving from $100K to $284K. Total assets increased by 9% over the same period, from $36K to $39K. Total functional expenses rose by 72.8%, from $122K to $212K. In its most recent filing year (2024), Bach Akademie Charlotte reported a surplus of $73K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $284K | $212K | $39K | $0 | — | — |
| 2023 | $280K | $280K | $-767 | $40K | — | View 990 |
| 2022 | $156K | $213K | $21K | $60K | — | View 990 |
| 2021 | $41K | $26K | $25K | $6K | — | — |
| 2020 | $82K | $61K | $21K | $19K | — | View 990 |
| 2019 | $160K | $153K | $3K | $19K | — | View 990 |
| 2018 | $100K | $122K | $36K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $284K, expenses of $212K, and assets of $39K (revenue +1.5% year-over-year).
- 2023: Revenue of $280K, expenses of $280K, and assets of $-767 (revenue +79.8% year-over-year).
- 2022: Revenue of $156K, expenses of $213K, and assets of $21K (revenue +277.8% year-over-year).
- 2021: Revenue of $41K, expenses of $26K, and assets of $25K (revenue -49.4% year-over-year).
- 2020: Revenue of $82K, expenses of $61K, and assets of $21K (revenue -49.1% year-over-year).
- 2019: Revenue of $160K, expenses of $153K, and assets of $3K (revenue +60.3% year-over-year).
- 2018: Revenue of $100K, expenses of $122K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bach Akademie Charlotte:
Data Sources and Methodology
This transparency report for Bach Akademie Charlotte is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.