Bristol Choral Society Inc
Bristol Choral Society Inc maintains stable finances with consistent surpluses and no officer compensation.
EIN: 202462768 · Bristol, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47K |
| Total Expenses | $38K |
| Program Spending | 90% |
| Net Assets | $42K |
| Transparency Score | 92/100 |
Is Bristol Choral Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bristol Choral Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bristol Choral Society Inc
Bristol Choral Society Inc (EIN: 202462768) is a nonprofit organization based in Bristol, CT. The organization reported total revenue of $47K and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bristol Choral Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bristol Choral Society Inc is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $38K |
| Surplus / Deficit | +$11K |
| Total Assets | $42K |
| Net Assets | $42K |
| Operating Margin | 22.6% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2024, Bristol Choral Society Inc reported a surplus of $11K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Bristol Choral Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.9% | -8.0% | +35.4% |
| 2023 | +271.6% | +54.2% | +6.1% |
| 2022 | +43.0% | +577.2% | -33.3% |
| 2021 | -67.7% | -81.1% | +10.6% |
| 2020 | -14.0% | -23.3% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Bristol Choral Society Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bristol Choral Society Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Bristol Choral Society Inc reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is common for smaller organizations and reflects a commitment to directing funds towards its 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 Bristol Choral Society Inc:
- Consistent financial surpluses in recent years (e.g., $49,039 revenue vs. $37,969 expenses in 202406).
- Zero reported officer compensation across all filings, indicating volunteer leadership or highly efficient use of funds.
- Healthy asset growth, reaching $42,300 in 202406 with no liabilities.
- Long history of IRS 990 filings (13 filings), demonstrating consistent operation and transparency.
- Strong recovery in revenue post-pandemic, showing resilience and community support.
Frequently Asked Questions about Bristol Choral Society Inc
Is Bristol Choral Society Inc a legitimate charity?
Bristol Choral Society Inc (EIN: 202462768) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $47K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Bristol Choral Society Inc spend its money?
Bristol Choral Society Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Bristol Choral Society Inc tax-deductible?
Bristol Choral Society Inc is registered as a tax-exempt nonprofit (EIN: 202462768). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bristol Choral Society Inc's spending goes to programs?
Bristol Choral Society Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bristol Choral Society Inc located?
Bristol Choral Society Inc is headquartered in Bristol, Connecticut and files with the IRS under EIN 202462768.
How many years of IRS 990 filings does Bristol Choral Society Inc have?
Bristol Choral 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 $47K in total revenue.
Is Bristol Choral Society Inc financially stable?
Yes, Bristol Choral Society Inc appears financially stable. In the 202406 period, revenue ($49,039) exceeded expenses ($37,969), and assets have grown to $42,300 with no reported liabilities.
Does Bristol Choral Society Inc spend efficiently?
Yes, the organization appears to spend efficiently. With no reported officer compensation and consistent surpluses, a significant portion of its expenses are likely directed towards its choral programs.
What is the trend in Bristol Choral Society Inc's revenue?
Bristol Choral Society Inc's revenue has shown positive growth in recent years, increasing from $11,692 in 202206 to $49,039 in 202406, indicating a strong recovery and growth post-pandemic.
Filing History
IRS 990 filing history for Bristol Choral Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Bristol Choral Society Inc's revenue has grown by 77.9%, moving from $28K to $49K. Total assets increased by 52.3% over the same period, from $28K to $42K. Total functional expenses rose by 35.5%, from $28K to $38K. In its most recent filing year (2024), Bristol Choral Society Inc reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $49K | $38K | $42K | $0 | — | — |
| 2023 | $43K | $41K | $31K | $0 | — | View 990 |
| 2022 | $12K | $27K | $29K | $382 | — | — |
| 2021 | $8K | $4K | $44K | $0 | — | View 990 |
| 2020 | $25K | $21K | $40K | $0 | — | View 990 |
| 2019 | $29K | $27K | $35K | $0 | — | View 990 |
| 2018 | $28K | $29K | $33K | $0 | — | View 990 |
| 2017 | $28K | $28K | $34K | $0 | — | View 990 |
| 2016 | $32K | $28K | $34K | $0 | — | View 990 |
| 2015 | $26K | $27K | $29K | $0 | — | View 990 |
| 2014 | $32K | $27K | $30K | $0 | — | View 990 |
| 2013 | $25K | $28K | $25K | $0 | — | View 990 |
| 2012 | $28K | $28K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $49K, expenses of $38K, and assets of $42K (revenue +12.9% year-over-year).
- 2023: Revenue of $43K, expenses of $41K, and assets of $31K (revenue +271.6% year-over-year).
- 2022: Revenue of $12K, expenses of $27K, and assets of $29K (revenue +43.0% year-over-year).
- 2021: Revenue of $8K, expenses of $4K, and assets of $44K (revenue -67.7% year-over-year).
- 2020: Revenue of $25K, expenses of $21K, and assets of $40K (revenue -14.0% year-over-year).
- 2019: Revenue of $29K, expenses of $27K, and assets of $35K (revenue +4.4% year-over-year).
- 2018: Revenue of $28K, expenses of $29K, and assets of $33K (revenue +0.1% year-over-year).
- 2017: Revenue of $28K, expenses of $28K, and assets of $34K (revenue -12.7% year-over-year).
- 2016: Revenue of $32K, expenses of $28K, and assets of $34K (revenue +22.5% year-over-year).
- 2015: Revenue of $26K, expenses of $27K, and assets of $29K (revenue -17.7% year-over-year).
- 2014: Revenue of $32K, expenses of $27K, and assets of $30K (revenue +26.3% year-over-year).
- 2013: Revenue of $25K, expenses of $28K, and assets of $25K (revenue -8.1% year-over-year).
- 2012: Revenue of $28K, expenses of $28K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bristol Choral Society Inc:
Data Sources and Methodology
This transparency report for Bristol Choral 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.