Boston Chamber Music Society Inc
Boston Chamber Music Society: Strong Financial Health, Consistent Program Delivery
EIN: 222525687 · Cambridge, MA · NTEE: A68Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $592K |
| Total Expenses | $443K |
| Program Spending | 80% |
| Net Assets | $915K |
| Transparency Score | 85/100 |
Is Boston Chamber Music Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boston Chamber Music Society Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boston Chamber Music Society Inc
Boston Chamber Music Society Inc (EIN: 222525687) is a nonprofit organization based in Cambridge, MA, classified under NTEE code A68Z. The organization reported total revenue of $592K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boston Chamber Music Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boston Chamber Music Society Inc is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $527K |
| Total Expenses | $443K |
| Surplus / Deficit | +$85K |
| Total Assets | $1.0M |
| Total Liabilities | $91K |
| Net Assets | $915K |
| Operating Margin | 16.0% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 27.3 months |
Financial Health Grade: A
In 2023, Boston Chamber Music Society Inc reported a surplus of $85K with revenue exceeding expenses, holds 27.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Boston Chamber Music Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.9% | +9.5% | +13.7% |
| 2022 | +83.6% | +51.5% | -8.4% |
| 2021 | -52.5% | -20.5% | +13.4% |
| 2020 | -27.6% | -13.2% | +38.1% |
| 2019 | +85.4% | -3.8% | +174.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boston Chamber Music Society Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Boston Chamber Music Society Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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:
- The organization reported a surplus of $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.0%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, suggesting it may be below reporting thresholds or not a significant expenditure.
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 Boston Chamber Music Society Inc:
- Consistent revenue generation over several years, with a notable increase in assets to $1,160,100.
- Healthy asset growth, more than doubling from $225,000 in 2018 to $1,160,100 in 2023.
- Low liability-to-asset ratio, indicating strong financial stability.
- Positive net income in most recent years, demonstrating fiscal responsibility.
Frequently Asked Questions about Boston Chamber Music Society Inc
Is Boston Chamber Music Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boston Chamber Music Society Inc (EIN: 222525687) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Boston Chamber Music Society Inc spend its money?
Boston Chamber Music Society Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boston Chamber Music Society Inc tax-deductible?
Boston Chamber Music Society Inc is registered as a tax-exempt nonprofit (EIN: 222525687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Boston Chamber Music Society Inc's spending goes to programs?
Boston Chamber Music Society Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Boston Chamber Music Society Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Boston Chamber Music Society Inc is above average for NTEE category A68Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boston Chamber Music Society Inc located?
Boston Chamber Music Society Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 222525687. It is classified under NTEE code A68Z.
How many years of IRS 990 filings does Boston Chamber Music Society Inc have?
Boston Chamber Music Society Inc 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 $592K in total revenue.
What does Boston Chamber Music Society Inc do?
Boston Chamber Music Society Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Cambridge, Massachusetts. It is classified under NTEE code A68Z.
How much revenue does Boston Chamber Music Society Inc have?
Boston Chamber Music Society Inc reported total revenue of $592,400. Based on 13 IRS 990 filings on record.
What are Boston Chamber Music Society Inc's total assets?
Boston Chamber Music Society Inc holds total assets of $1,160,100 as reported in IRS 990 filings.
Where is Boston Chamber Music Society Inc located?
Boston Chamber Music Society Inc is based in Cambridge, Massachusetts.
What is Boston Chamber Music Society Inc's EIN?
Boston Chamber Music Society Inc's Employer Identification Number (EIN) is 222525687. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Boston Chamber Music Society Inc?
Boston Chamber Music Society Inc is classified under NTEE code A68Z (Arts, Culture & Humanities).
Is Boston Chamber Music Society Inc a registered 501(c)(3)?
Yes, Boston Chamber Music Society Inc is recognized as a tax-exempt organization by the IRS. EIN: 222525687.
Does Boston Chamber Music Society Inc file IRS Form 990?
Yes, Boston Chamber Music Society Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Boston Chamber Music Society Inc's revenue in 2023?
In the 202306 filing period, Boston Chamber Music Society Inc reported total revenue of $527,400, total expenses of $442,800, and net assets of $1,005,600.
Is Boston Chamber Music Society Inc's revenue growing or declining?
Boston Chamber Music Society Inc's revenue is growing. Revenue went from $475,600 (202206) to $527,400 (202306), a +10.9% change. Based on 13 filings on record.
What is Boston Chamber Music Society Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Boston Chamber Music Society Inc covers tax period 202306. It shows revenue of $527,400, expenses of $442,800, total assets of $1,005,600, and liabilities of $91,000.
How much does Boston Chamber Music Society Inc spend on programs vs administration?
Based on IRS 990 analysis, Boston Chamber Music Society Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Boston Chamber Music Society Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Boston Chamber Music Society Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Boston Chamber Music Society Inc's strengths?
Positive indicators for Boston Chamber Music Society Inc include: Consistent revenue generation over several years, with a notable increase in assets to $1,160,100.. Healthy asset growth, more than doubling from $225,000 in 2018 to $1,160,100 in 2023.. Low liability-to-asset ratio, indicating strong financial stability.. Positive net income in most recent years, demonstrating fiscal responsibility.. These findings are derived from AI analysis of the organization's financial filings.
How does Boston Chamber Music Society Inc compensate executives?
Executive compensation information is not explicitly detailed in the provided data, suggesting it may be below reporting thresholds or not a significant expenditure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to significantly increase its assets from $225,000 in 2018 to $1,160,100 in 2023 despite fluctuating revenues?
The organization has consistently maintained expenses below revenues in most recent years, allowing for accumulation of assets. For example, in 2023, revenues were $527,400 while expenses were $442,800, contributing to asset growth. This trend of positive net income, particularly in 2022 and 2023, has been key to their asset accumulation.
Filing History
IRS 990 filing history for Boston Chamber Music Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boston Chamber Music Society Inc's revenue has grown by 39.6%, moving from $378K to $527K. Total assets increased by 443% over the same period, from $185K to $1.0M. Total functional expenses rose by 32%, from $336K to $443K. In its most recent filing year (2023), Boston Chamber Music Society Inc reported a surplus of $85K, with revenue exceeding expenses. The organization holds $91K in liabilities against $1.0M in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $915K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $527K | $443K | $1.0M | $91K | — | View 990 |
| 2022 | $476K | $404K | $884K | $82K | — | View 990 |
| 2021 | $259K | $267K | $966K | $83K | — | View 990 |
| 2020 | $546K | $335K | $852K | $84K | — | View 990 |
| 2019 | $754K | $386K | $617K | $90K | — | View 990 |
| 2018 | $407K | $402K | $225K | $66K | — | View 990 |
| 2017 | $378K | $363K | $241K | $87K | — | View 990 |
| 2016 | $328K | $324K | $216K | $77K | — | View 990 |
| 2015 | $335K | $324K | $224K | $90K | — | View 990 |
| 2014 | $412K | $405K | $202K | $80K | — | View 990 |
| 2013 | $379K | $385K | $176K | $83K | — | View 990 |
| 2012 | $339K | $345K | $188K | $93K | — | View 990 |
| 2011 | $378K | $336K | $185K | $83K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $527K, expenses of $443K, and assets of $1.0M (revenue +10.9% year-over-year).
- 2022: Revenue of $476K, expenses of $404K, and assets of $884K (revenue +83.6% year-over-year).
- 2021: Revenue of $259K, expenses of $267K, and assets of $966K (revenue -52.5% year-over-year).
- 2020: Revenue of $546K, expenses of $335K, and assets of $852K (revenue -27.6% year-over-year).
- 2019: Revenue of $754K, expenses of $386K, and assets of $617K (revenue +85.4% year-over-year).
- 2018: Revenue of $407K, expenses of $402K, and assets of $225K (revenue +7.5% year-over-year).
- 2017: Revenue of $378K, expenses of $363K, and assets of $241K (revenue +15.3% year-over-year).
- 2016: Revenue of $328K, expenses of $324K, and assets of $216K (revenue -1.9% year-over-year).
- 2015: Revenue of $335K, expenses of $324K, and assets of $224K (revenue -18.8% year-over-year).
- 2014: Revenue of $412K, expenses of $405K, and assets of $202K (revenue +8.9% year-over-year).
- 2013: Revenue of $379K, expenses of $385K, and assets of $176K (revenue +11.7% year-over-year).
- 2012: Revenue of $339K, expenses of $345K, and assets of $188K (revenue -10.3% year-over-year).
- 2011: Revenue of $378K, expenses of $336K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boston Chamber Music Society Inc:
Data Sources and Methodology
This transparency report for Boston Chamber Music Society Inc 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.