Cedar Rapids Choral Association
EIN: 421070934 · Cedar Rapids, IA
| Metric | Value |
|---|---|
| Total Revenue | $104K |
| Total Expenses | $72K |
| Net Assets | $126K |
Is Cedar Rapids Choral Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cedar Rapids Choral Association
Cedar Rapids Choral Association (EIN: 421070934) is a nonprofit organization based in Cedar Rapids, IA. The organization reported total revenue of $104K and total assets of $162K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cedar Rapids Choral Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cedar Rapids Choral Association is a small nonprofit that has been operating for 49 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $72K |
| Surplus / Deficit | +$16K |
| Total Assets | $128K |
| Total Liabilities | $1K |
| Net Assets | $126K |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 21.1 months |
Financial Health Grade: A
In 2024, Cedar Rapids Choral Association reported a surplus of $16K with revenue exceeding expenses, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 3 years of filings (2022–2024), Cedar Rapids Choral Association's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.9% | +45.3% | +16.6% |
| 2023 | +9.6% | -0.5% | +38.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 0000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cedar Rapids Choral Association 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 Cedar Rapids Choral Association 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 $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Cedar Rapids Choral Association
Is Cedar Rapids Choral Association a legitimate charity?
Cedar Rapids Choral Association (EIN: 421070934) is a registered tax-exempt nonprofit based in Iowa. It has 3 years of IRS 990 filings on record. Total revenue: $104K. No red flags identified. Financial health grade: A.
How does Cedar Rapids Choral Association spend its money?
Cedar Rapids Choral Association reported $104K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cedar Rapids Choral Association tax-deductible?
Cedar Rapids Choral Association is registered as a tax-exempt nonprofit (EIN: 421070934). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cedar Rapids Choral Association located?
Cedar Rapids Choral Association is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 421070934.
How many years of IRS 990 filings does Cedar Rapids Choral Association have?
Cedar Rapids Choral Association has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $104K in total revenue.
Filing History
IRS 990 filing history for Cedar Rapids Choral Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Cedar Rapids Choral Association's revenue has grown by 23.7%, moving from $72K to $89K. Total assets increased by 61.6% over the same period, from $79K to $128K. Total functional expenses rose by 44.6%, from $50K to $72K. In its most recent filing year (2024), Cedar Rapids Choral Association reported a surplus of $16K, with revenue exceeding expenses. The organization holds $1K in liabilities against $128K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $126K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $89K | $72K | $128K | $1K | — | — |
| 2023 | $79K | $50K | $109K | $3K | — | View 990 |
| 2022 | $72K | $50K | $79K | $0 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $89K, expenses of $72K, and assets of $128K (revenue +12.9% year-over-year).
- 2023: Revenue of $79K, expenses of $50K, and assets of $109K (revenue +9.6% year-over-year).
- 2022: Revenue of $72K, expenses of $50K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cedar Rapids Choral Association:
Data Sources and Methodology
This transparency report for Cedar Rapids Choral Association 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.