Chamber Music America Inc
Chamber Music America Inc. faces recent deficit despite strong asset base and zero reported officer compensation.
EIN: 132934575 · Brooklyn, NY · NTEE: A036 · Updated: 2026-03-28
Is Chamber Music America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chamber Music America Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chamber Music America Inc
Chamber Music America Inc (EIN: 132934575) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A036. The organization reported total revenue of $4.0M and total assets of $12.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Music America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Music America Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-2,457,918 |
| Total Assets | $14.2M |
| Total Liabilities | $2.1M |
| Net Assets | $12.1M |
| Operating Margin | -180.2% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 44.7 months |
Financial Health Grade: B
In 2023, Chamber Music America Inc reported a deficit of $2.5M with expenses exceeding revenue, holds 44.7 months of operating reserves (strong position), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chamber Music America Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.6% | +15.4% | -12.5% |
| 2022 | +160.8% | +10.9% | +0.6% |
| 2021 | -28.5% | -1.2% | +6.9% |
| 2020 | -34.9% | +14.4% | +3.0% |
| 2019 | +105.8% | +6.0% | +17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
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 Chamber Music America Inc with a Mission Score of 75 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, Chamber Music America 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.7%.
Executive Compensation Analysis
Chamber Music America Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is not drawing a salary from the organization, which is highly favorable for donor perception and 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 Chamber Music America Inc's IRS 990 filings:
- Significant operating deficit in the latest filing period (202306: Revenue $1,363,897 vs. Expenses $3,821,815)
- High volatility in annual revenue, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for Chamber Music America Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Strong and stable asset base, consistently above $12 million, providing financial stability.
- Excellent transparency with 13 consistent IRS 990 filings.
- Maintains a healthy reserve with assets significantly exceeding liabilities (e.g., $14,226,240 assets vs. $2,092,062 liabilities in 202306).
Frequently Asked Questions about Chamber Music America Inc
Is Chamber Music America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chamber Music America Inc (EIN: 132934575) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Chamber Music America Inc spend its money?
Chamber Music America Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chamber Music America Inc tax-deductible?
Chamber Music America Inc is registered as a tax-exempt nonprofit (EIN: 132934575). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Chamber Music America Inc. a good charity?
Based on the available data, Chamber Music America Inc. demonstrates strong financial transparency through consistent 990 filings and reports 0% officer compensation, which are positive indicators. However, the significant deficit in the 202306 period ($1,363,897 revenue vs. $3,821,815 expenses) warrants closer examination of its operational sustainability.
What caused the large deficit in 202306?
The provided data does not specify the exact causes. However, the revenue dropped significantly from $5,588,017 in 202206 to $1,363,897 in 202306, while expenses remained high at $3,821,815. This suggests a potential decrease in funding or a one-time expense that was not offset by revenue.
How does the organization manage its assets?
Chamber Music America Inc. maintains a substantial asset base, consistently above $12 million, reaching $14,226,240 in 202306. This indicates a healthy financial reserve, which can help buffer against revenue fluctuations and support long-term operations.
What is the trend in revenue and expenses?
Revenue and expenses show significant year-over-year fluctuations. For example, revenue was $5,588,017 in 202206, then dropped to $1,363,897 in 202306. Expenses also vary, from $2,370,905 in 201406 to $3,821,815 in 202306. This volatility suggests a reliance on variable funding sources.
Filing History
IRS 990 filing history for Chamber Music America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chamber Music America Inc's revenue has declined by 38%, moving from $2.2M to $1.4M. Total assets increased by 34.1% over the same period, from $10.6M to $14.2M. Total functional expenses rose by 54.3%, from $2.5M to $3.8M. In its most recent filing year (2023), Chamber Music America Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $14.2M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $12.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $3.8M | $14.2M | $2.1M | — | View 990 |
| 2022 | $5.6M | $3.3M | $16.3M | $2.2M | — | View 990 |
| 2021 | $2.1M | $3.0M | $16.2M | $2.6M | — | View 990 |
| 2020 | $3.0M | $3.0M | $15.1M | $2.0M | — | View 990 |
| 2019 | $4.6M | $2.6M | $14.7M | $1.5M | — | View 990 |
| 2018 | $2.2M | $2.5M | $12.5M | $1.4M | — | View 990 |
| 2017 | $2.9M | $2.8M | $12.9M | $1.5M | — | View 990 |
| 2016 | $1.3M | $2.5M | $12.2M | $1.2M | — | View 990 |
| 2015 | $1.6M | $2.6M | $13.4M | $1.3M | — | View 990 |
| 2014 | $2.5M | $2.4M | $14.7M | $1.2M | — | View 990 |
| 2013 | $6.8M | $2.2M | $13.7M | $964K | — | View 990 |
| 2012 | $2.0M | $2.4M | $10.1M | $1.9M | — | View 990 |
| 2011 | $2.2M | $2.5M | $10.6M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $3.8M, and assets of $14.2M (revenue -75.6% year-over-year).
- 2022: Revenue of $5.6M, expenses of $3.3M, and assets of $16.3M (revenue +160.8% year-over-year).
- 2021: Revenue of $2.1M, expenses of $3.0M, and assets of $16.2M (revenue -28.5% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.0M, and assets of $15.1M (revenue -34.9% year-over-year).
- 2019: Revenue of $4.6M, expenses of $2.6M, and assets of $14.7M (revenue +105.8% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.5M, and assets of $12.5M (revenue -23.8% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.8M, and assets of $12.9M (revenue +118.4% year-over-year).
- 2016: Revenue of $1.3M, expenses of $2.5M, and assets of $12.2M (revenue -17.5% year-over-year).
- 2015: Revenue of $1.6M, expenses of $2.6M, and assets of $13.4M (revenue -33.9% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.4M, and assets of $14.7M (revenue -64.0% year-over-year).
- 2013: Revenue of $6.8M, expenses of $2.2M, and assets of $13.7M (revenue +246.8% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.4M, and assets of $10.1M (revenue -10.2% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.5M, and assets of $10.6M.
Data Sources and Methodology
This transparency report for Chamber Music America 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.