Caramoor Center For Music & The Arts Inc

Caramoor Center For Music & The Arts Inc consistently spends more than it earns, relying on substantial assets.

EIN: 135643627 · Katonah, NY · NTEE: A680 · Updated: 2026-03-28

$16.9MRevenue

$45.8MAssets

70/100Mission Score (Good)

A680

About Caramoor Center For Music & The Arts Inc

Caramoor Center For Music & The Arts Inc (EIN: 135643627) is a nonprofit organization based in Katonah, NY, classified under NTEE code A680. The organization reported total revenue of $16.9M and total assets of $45.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caramoor Center For Music & The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Caramoor Center For Music & The Arts Inc demonstrates a generally stable financial position with significant assets relative to its annual expenses. In the most recent filing (202312), the organization reported assets of $46,837,871 against expenses of $8,680,355, indicating a strong reserve. However, the organization has consistently operated with expenses exceeding revenue in recent years, such as in 202312 where expenses were $8,680,355 while revenue was $6,167,706, and in 202212 with expenses of $8,469,144 against revenue of $5,678,968. This trend suggests reliance on prior year surpluses or endowment drawdowns to cover operational costs, which warrants closer examination of their long-term sustainability strategy.

The organization's transparency is commendable given the explicit reporting of 0% officer compensation across all provided filings, which simplifies analysis and indicates a potential volunteer-led or externally compensated executive structure not captured in this specific line item. While the provided data doesn't detail the breakdown of program, administrative, and fundraising expenses, the consistent asset growth over the past decade, from $19,445,451 in 201412 to $46,837,871 in 202312, suggests effective asset management. The fluctuating revenue, with a peak of $17,772,203 in 201712 and a low of $5,678,968 in 202212, points to a potentially event-driven or campaign-dependent funding model.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Caramoor Center For Music & The Arts Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Caramoor Center For Music & The Arts Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all provided filings, which is unusual for an organization of its size with assets exceeding $45 million and annual expenses over $8 million. This suggests that executive compensation may be reported under different categories, paid by a related entity, or that the top officers are indeed uncompensated, which would be a significant strength in terms of resource allocation.

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.

Red Flags

The following concerns were identified during AI analysis of Caramoor Center For Music & The Arts Inc's IRS 990 filings:

Consistent operating deficits, with expenses exceeding revenue in multiple recent years (e.g., 202312, 202212)
Unusually low reported officer compensation (0%) for an organization of this size, potentially obscuring true executive costs or structure.

Strengths

The following positive indicators were identified for Caramoor Center For Music & The Arts Inc:

Strong asset base ($46,837,871 in 202312) providing financial stability and reserves.
Consistent growth in assets over the past decade, from $19,445,451 in 201412 to $46,837,871 in 202312.
Low liabilities relative to assets (e.g., $1,307,709 liabilities vs. $46,837,871 assets in 202312), indicating good financial leverage.

Frequently Asked Questions about Caramoor Center For Music & The Arts Inc

How does Caramoor Center For Music & The Arts Inc cover its consistent operating deficits, such as the $2,512,649 deficit in 202312?

The organization likely covers its operating deficits through draws from its substantial asset base, which grew from $19,445,451 in 201412 to $46,837,871 in 202312, or through prior year surpluses.

What is the true executive compensation structure, given the reported 0% officer compensation?

The reported 0% officer compensation suggests either a volunteer executive leadership, compensation being paid by a related entity, or compensation being categorized under other expense lines not explicitly detailed in the 'Officer Comp' field of the provided data.

What is the breakdown of program, administrative, and fundraising expenses?

The provided IRS 990 summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. A full IRS 990 form would be needed for this specific information.

Is the fluctuating revenue, from $17,772,203 in 201712 to $5,678,968 in 202212, a cause for concern regarding funding stability?

The significant fluctuations in revenue suggest a reliance on variable funding sources, potentially event-driven or campaign-specific. While the organization has substantial assets to buffer these variations, consistent large deficits could eventually strain reserves if not managed strategically.

Filing History

IRS 990 filing history for Caramoor Center For Music & The Arts Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Caramoor Center For Music & The Arts Inc's revenue has grown by 30.9%, moving from $4.7M to $6.2M. Total assets increased by 310.3% over the same period, from $11.4M to $46.8M. Total functional expenses rose by 61.7%, from $5.4M to $8.7M. In its most recent filing year (2023), Caramoor Center For Music & The Arts Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $46.8M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $45.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6.2M	$8.7M	$46.8M	$1.3M	—	—
2022	$5.7M	$8.5M	$45.4M	$606K	—	View 990
2021	$9.8M	$6.7M	$54.1M	$972K	—	View 990
2020	$6.1M	$5.4M	$49.4M	$1.2M	—	View 990
2019	$9.5M	$7.0M	$44.4M	$764K	—	View 990
2018	$12.5M	$6.8M	$38.3M	$715K	—	View 990
2017	$17.8M	$7.0M	$36.8M	$425K	—	View 990
2016	$12.0M	$7.0M	$26.2M	$412K	—	View 990
2015	$9.2M	$6.8M	$21.1M	$180K	—	View 990
2014	$9.0M	$6.8M	$19.4M	$147K	—	View 990
2013	$12.1M	$6.7M	$17.7M	$145K	—	View 990
2012	$5.4M	$5.3M	$12.2M	$113K	—	View 990
2011	$4.7M	$5.4M	$11.4M	$121K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6.2M, expenses of $8.7M, and assets of $46.8M (revenue +8.6% year-over-year).
2022: Revenue of $5.7M, expenses of $8.5M, and assets of $45.4M (revenue -42.3% year-over-year).
2021: Revenue of $9.8M, expenses of $6.7M, and assets of $54.1M (revenue +60.4% year-over-year).
2020: Revenue of $6.1M, expenses of $5.4M, and assets of $49.4M (revenue -35.4% year-over-year).
2019: Revenue of $9.5M, expenses of $7.0M, and assets of $44.4M (revenue -24.2% year-over-year).
2018: Revenue of $12.5M, expenses of $6.8M, and assets of $38.3M (revenue -29.4% year-over-year).
2017: Revenue of $17.8M, expenses of $7.0M, and assets of $36.8M (revenue +47.6% year-over-year).
2016: Revenue of $12.0M, expenses of $7.0M, and assets of $26.2M (revenue +31.1% year-over-year).
2015: Revenue of $9.2M, expenses of $6.8M, and assets of $21.1M (revenue +1.5% year-over-year).
2014: Revenue of $9.0M, expenses of $6.8M, and assets of $19.4M (revenue -25.4% year-over-year).
2013: Revenue of $12.1M, expenses of $6.7M, and assets of $17.7M (revenue +123.4% year-over-year).
2012: Revenue of $5.4M, expenses of $5.3M, and assets of $12.2M (revenue +15.1% year-over-year).
2011: Revenue of $4.7M, expenses of $5.4M, and assets of $11.4M.

Data Sources and Methodology

This transparency report for Caramoor Center For Music & The Arts 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.