Bay Chamber Concerts

Bay Chamber Concerts shows strong financial growth with revenues consistently exceeding expenses and zero reported officer compensation.

EIN: 16023519 · Camden, ME · NTEE: A6C0 · Updated: 2026-03-28

$2.7MRevenue
$2.6MGross Revenue
$13.0MAssets
90/100Mission Score (Excellent)
A6C0

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Bay Chamber Concerts Financial Summary
MetricValue
Total Revenue$2.7M
Total Expenses$1.2M
Program Spending85%
CEO/Top Officer Pay$9
Net Assets$8.9M
Transparency Score90/100

Search Intent Cockpit

Bay Chamber Concerts Form 990, Revenue, CEO Pay, and IRS Filing Signals

Bay Chamber Concerts is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bay Chamber Concerts in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $3.8M and expenses of $1.2M.

Revenue and Expenses

Bay Chamber Concerts reported $3.8M in revenue and $1.2M in expenses, a surplus of $2.6M.

Executive Compensation

Top officer compensation appears as $9 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

90/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.

Is Bay Chamber Concerts Legit?

Appears Legitimate

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
85%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Bay Chamber Concerts Expense Deployment
Program services$1.0M (85%)

Across stored filings, Bay Chamber Concerts shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Bay Chamber Concerts Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacyAppears LegitimateGood filing record; no red flags identified
Mission spend85% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Maine Composite Materials Applied Technology Development CenterMaine and Arts & Culture context

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Bay Chamber Concerts directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Bay Chamber Concerts

Bay Chamber Concerts (EIN: 16023519) is a nonprofit organization based in Camden, ME, classified under NTEE code A6C0. The organization reported total revenue of $2.7M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bay Chamber Concerts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

64Years Operating
Mid-SizeSize Classification
13Years of Filings
MixedRevenue Trajectory

Bay Chamber Concerts is a mid-size nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$3.8M
Total Expenses$1.2M
Surplus / Deficit+$2.6M
Total Assets$10.0M
Total Liabilities$1.1M
Net Assets$8.9M
Operating Margin68.1%
Debt-to-Asset Ratio11.2%
Months of Reserves99.5 months

Financial Health Grade: A

In 2023, Bay Chamber Concerts reported a surplus of $2.6M with revenue exceeding expenses, holds 99.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Bay Chamber Concerts's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.

YearRevenue ChangeExpense ChangeAsset Change
2023-9.3%+12.8%+36.7%
2022+252.7%+41.3%+116.8%
2021+74.5%+11.7%+27.9%
2020-41.2%-37.1%-1.5%
2019-25.2%+6.4%+0.2%

IRS Tax-Exempt Classification

IRS Classification Codes1200
IRS Ruling Date1962

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Bay Chamber Concerts demonstrates strong financial health and appears to be a well-managed organization. Over the past three years (2021-2023), the organization has consistently reported revenues significantly exceeding expenses, leading to substantial growth in assets. For instance, in 2023, revenue was $3,780,457 against expenses of $1,204,760, and in 2022, revenue was $4,168,088 against expenses of $1,068,488. This indicates a robust financial position and capacity for future programming. The organization's spending efficiency is commendable, particularly given the consistent surplus of revenue over expenses. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests effective resource management. The absence of reported officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. Bay Chamber Concerts exhibits a high degree of financial transparency through its consistent IRS 990 filings and the clear reporting of zero officer compensation. The substantial growth in assets from $2,635,437 in 2020 to $9,987,629 in 2023, alongside a relatively stable liability profile, further reinforces its sound financial stewardship. This financial stability provides a strong foundation for its artistic and educational programs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bay Chamber Concerts with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 10%
  • programs: 85%
  • fundraising: 5%

According to IRS 990 filings, Bay Chamber Concerts allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$3.8MTotal Revenue
$1.2MTotal Expenses
$10.0MTotal Assets
$1.1MTotal Liabilities
$8.9MNet Assets
  • The organization reported a surplus of $2.6M, with revenue exceeding expenses.
  • Debt-to-asset ratio: 11.2%.

Executive Compensation Analysis

Bay Chamber Concerts reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with assets exceeding $9 million. This suggests a strong volunteer leadership model or that compensation is structured in a way not reported as officer compensation on the 990, but it is a positive indicator for directing funds to mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Bay Chamber Concerts:

  • Strong financial health with consistent revenue surpluses (e.g., 2023 revenue $3.78M vs. expenses $1.2M).
  • Significant asset growth over recent years (from $2.6M in 2020 to $9.9M in 2023).
  • Zero reported officer compensation across all filings, indicating high efficiency or volunteer leadership.
  • Low liabilities relative to assets, suggesting strong financial stability.
  • Consistent filing history demonstrating transparency and compliance.

Frequently Asked Questions about Bay Chamber Concerts

Is Bay Chamber Concerts a legitimate charity?

Bay Chamber Concerts (EIN: 16023519) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. 5 strengths noted. Financial health grade: A.

How does Bay Chamber Concerts spend its money?

Bay Chamber Concerts directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to Bay Chamber Concerts tax-deductible?

Bay Chamber Concerts is registered as a tax-exempt nonprofit (EIN: 16023519). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How much does the Bay Chamber Concerts CEO make?

Bay Chamber Concerts's highest-compensated officer earns $9 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.

What percentage of Bay Chamber Concerts's spending goes to programs?

Bay Chamber Concerts directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Bay Chamber Concerts compare to similar nonprofits?

With a transparency score of 90/100 (Excellent), Bay Chamber Concerts is above average for NTEE category A6C0 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Bay Chamber Concerts located?

Bay Chamber Concerts is headquartered in Camden, Maine and files with the IRS under EIN 16023519. It is classified under NTEE code A6C0.

How many years of IRS 990 filings does Bay Chamber Concerts have?

Bay Chamber Concerts has 13 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 $2.7M in total revenue.

Is Bay Chamber Concerts a good charity?

Based on the provided financial data, Bay Chamber Concerts appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a commitment to directing funds to its mission, evidenced by zero reported officer compensation and significant asset growth.

How has Bay Chamber Concerts' financial health changed over time?

Bay Chamber Concerts has experienced significant financial growth, particularly in recent years. Revenues have surged from $677,266 in 2020 to $3,780,457 in 2023, and assets have grown from $2,635,437 in 2020 to $9,987,629 in 2023, indicating robust financial expansion.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available filings, suggesting either a volunteer-led executive team or that executive compensation is structured differently and not reported under this category on the 990. This is a strong indicator of fiscal conservatism and mission focus.

Filing History

IRS 990 filing history for Bay Chamber Concerts showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bay Chamber Concerts's revenue has grown by 258%, moving from $1.1M to $3.8M. Total assets increased by 321.9% over the same period, from $2.4M to $10.0M. Total functional expenses rose by 5.1%, from $1.1M to $1.2M. In its most recent filing year (2023), Bay Chamber Concerts reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $10.0M in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $8.9M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $3.8M $1.2M $10.0M $1.1M View 990
2022 $4.2M $1.1M $7.3M $1.1M View 990
2021 $1.2M $756K $3.4M $94K View 990
2020 $677K $677K $2.6M $82K View 990
2019 $1.2M $1.1M $2.7M $98K View 990
2018 $1.5M $1.0M $2.7M $101K View 990
2017 $876K $993K $2.0M $51K View 990
2016 $1.0M $992K $2.1M $98K View 990
2015 $965K $1.1M $1.9M $104K View 990
2014 $1.2M $1.0M $2.2M $94K View 990
2013 $890K $1.3M $1.9M $132K View 990
2012 $1.0M $1.2M $2.3M $229K View 990
2011 $1.1M $1.1M $2.4M $216K View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $3.8M, expenses of $1.2M, and assets of $10.0M (revenue -9.3% year-over-year).
  • 2022: Revenue of $4.2M, expenses of $1.1M, and assets of $7.3M (revenue +252.7% year-over-year).
  • 2021: Revenue of $1.2M, expenses of $756K, and assets of $3.4M (revenue +74.5% year-over-year).
  • 2020: Revenue of $677K, expenses of $677K, and assets of $2.6M (revenue -41.2% year-over-year).
  • 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $2.7M (revenue -25.2% year-over-year).
  • 2018: Revenue of $1.5M, expenses of $1.0M, and assets of $2.7M (revenue +76.0% year-over-year).
  • 2017: Revenue of $876K, expenses of $993K, and assets of $2.0M (revenue -16.0% year-over-year).
  • 2016: Revenue of $1.0M, expenses of $992K, and assets of $2.1M (revenue +8.1% year-over-year).
  • 2015: Revenue of $965K, expenses of $1.1M, and assets of $1.9M (revenue -21.0% year-over-year).
  • 2014: Revenue of $1.2M, expenses of $1.0M, and assets of $2.2M (revenue +37.2% year-over-year).
  • 2013: Revenue of $890K, expenses of $1.3M, and assets of $1.9M (revenue -11.5% year-over-year).
  • 2012: Revenue of $1.0M, expenses of $1.2M, and assets of $2.3M (revenue -4.8% year-over-year).
  • 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $2.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Bay Chamber Concerts:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Bay Chamber Concerts 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.

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