Central Vermont Chamber Music Festival Inc
Central Vermont Chamber Music Festival Inc. maintains stable finances with consistent asset growth and no officer compensation.
EIN: 133755957 · Randolph, VT · NTEE: A6C · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $41K |
| Total Expenses | $50K |
| Program Spending | 90% |
| Net Assets | $57K |
| Transparency Score | 92/100 |
Is Central Vermont Chamber Music Festival Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Vermont Chamber Music Festival Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Vermont Chamber Music Festival Inc
Central Vermont Chamber Music Festival Inc (EIN: 133755957) is a nonprofit organization based in Randolph, VT, classified under NTEE code A6C. The organization reported total revenue of $41K and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Vermont Chamber Music Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Vermont Chamber Music Festival Inc is a micro nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $50K |
| Surplus / Deficit | $-475 |
| Total Assets | $57K |
| Net Assets | $57K |
| Operating Margin | -1.0% |
| Months of Reserves | 13.8 months |
Financial Health Grade: B
In 2023, Central Vermont Chamber Music Festival Inc reported a deficit of $475 with expenses exceeding revenue, holds 13.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Central Vermont Chamber Music Festival Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.8% | +18.1% | -0.8% |
| 2022 | +17.0% | +13.0% | +3.2% |
| 2021 | +109.6% | +249.5% | +1.9% |
| 2020 | -66.0% | -71.9% | +17.2% |
| 2019 | +16.0% | -8.3% | +46.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
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 Central Vermont Chamber Music Festival 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Central Vermont Chamber Music Festival Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $475, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one where leadership roles are unpaid, which significantly reduces administrative costs.
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 Central Vermont Chamber Music Festival Inc:
- Consistent asset growth, from $17,104 in 2014 to $57,183 in 2023.
- Zero reported liabilities across all filings, indicating strong financial management.
- No officer compensation reported, suggesting a volunteer-driven model and efficient use of funds.
- Operating near break-even, with revenues closely matching expenses (e.g., 2023: Revenue $49,211, Expenses $49,686), indicating responsible spending.
- High transparency with 13 available IRS 990 filings.
Frequently Asked Questions about Central Vermont Chamber Music Festival Inc
Is Central Vermont Chamber Music Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Vermont Chamber Music Festival Inc (EIN: 133755957) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Central Vermont Chamber Music Festival Inc spend its money?
Central Vermont Chamber Music Festival Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Vermont Chamber Music Festival Inc tax-deductible?
Central Vermont Chamber Music Festival Inc is registered as a tax-exempt nonprofit (EIN: 133755957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Central Vermont Chamber Music Festival Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Central Vermont Chamber Music Festival Inc is above average for NTEE category A6C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Vermont Chamber Music Festival Inc located?
Central Vermont Chamber Music Festival Inc is headquartered in Randolph, Vermont and files with the IRS under EIN 133755957. It is classified under NTEE code A6C.
How many years of IRS 990 filings does Central Vermont Chamber Music Festival Inc have?
Central Vermont Chamber Music Festival 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 $41K in total revenue.
Is Central Vermont Chamber Music Festival Inc. a good charity?
Yes, based on its financial data, the Central Vermont Chamber Music Festival Inc. appears to be a good charity. It demonstrates strong financial health with growing assets, operates without debt, and has no reported officer compensation, suggesting a high proportion of funds go directly to its mission.
How has the organization's financial health changed over the past decade?
The organization's financial health has improved steadily over the past decade, with assets growing from $17,104 in 2014 to $57,183 in 2023, and consistent operation without liabilities.
What is the trend in revenue and expenses?
Revenue and expenses have generally increased over the decade, with some fluctuations, but consistently remain closely matched, indicating a focus on spending funds as they are received rather than accumulating large surpluses or deficits. For example, in 2023, revenue was $49,211 and expenses were $49,686.
Filing History
IRS 990 filing history for Central Vermont Chamber Music Festival Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Vermont Chamber Music Festival Inc's revenue has declined by 11%, moving from $55K to $49K. Total assets increased by 147.3% over the same period, from $23K to $57K. Total functional expenses rose by 35%, from $37K to $50K. In its most recent filing year (2023), Central Vermont Chamber Music Festival Inc reported a deficit of $475, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $50K | $57K | $0 | — | — |
| 2022 | $44K | $42K | $58K | $0 | — | View 990 |
| 2021 | $38K | $37K | $56K | $0 | — | — |
| 2020 | $18K | $11K | $55K | $0 | — | — |
| 2019 | $53K | $38K | $47K | $0 | — | View 990 |
| 2018 | $45K | $41K | $32K | $0 | — | View 990 |
| 2017 | $53K | $45K | $28K | $0 | — | View 990 |
| 2016 | $34K | $37K | $20K | $0 | — | View 990 |
| 2015 | $40K | $35K | $22K | $0 | — | View 990 |
| 2014 | $30K | $26K | $17K | $0 | — | View 990 |
| 2013 | $35K | $31K | $13K | $0 | — | View 990 |
| 2012 | $36K | $50K | $9K | $0 | — | View 990 |
| 2011 | $55K | $37K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $50K, and assets of $57K (revenue +11.8% year-over-year).
- 2022: Revenue of $44K, expenses of $42K, and assets of $58K (revenue +17.0% year-over-year).
- 2021: Revenue of $38K, expenses of $37K, and assets of $56K (revenue +109.6% year-over-year).
- 2020: Revenue of $18K, expenses of $11K, and assets of $55K (revenue -66.0% year-over-year).
- 2019: Revenue of $53K, expenses of $38K, and assets of $47K (revenue +16.0% year-over-year).
- 2018: Revenue of $45K, expenses of $41K, and assets of $32K (revenue -13.6% year-over-year).
- 2017: Revenue of $53K, expenses of $45K, and assets of $28K (revenue +53.8% year-over-year).
- 2016: Revenue of $34K, expenses of $37K, and assets of $20K (revenue -15.0% year-over-year).
- 2015: Revenue of $40K, expenses of $35K, and assets of $22K (revenue +35.2% year-over-year).
- 2014: Revenue of $30K, expenses of $26K, and assets of $17K (revenue -15.8% year-over-year).
- 2013: Revenue of $35K, expenses of $31K, and assets of $13K (revenue -1.5% year-over-year).
- 2012: Revenue of $36K, expenses of $50K, and assets of $9K (revenue -35.1% year-over-year).
- 2011: Revenue of $55K, expenses of $37K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Vermont Chamber Music Festival Inc:
Data Sources and Methodology
This transparency report for Central Vermont Chamber Music Festival 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.