Chamber Music Charleston
EIN: 61778633 · Charleston, SC · NTEE: A6B
| Metric | Value |
|---|---|
| Total Revenue | $436K |
| Total Expenses | $402K |
| Net Assets | $355K |
Is Chamber Music Charleston Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chamber Music Charleston
Chamber Music Charleston (EIN: 61778633) is a nonprofit organization based in Charleston, SC, classified under NTEE code A6B. The organization reported total revenue of $436K and total assets of $375K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Music Charleston's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Music Charleston is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $413K |
| Total Expenses | $402K |
| Surplus / Deficit | +$11K |
| Total Assets | $355K |
| Net Assets | $355K |
| Operating Margin | 2.8% |
| Months of Reserves | 10.6 months |
Financial Health Grade: A
In 2024, Chamber Music Charleston reported a surplus of $11K with revenue exceeding expenses, holds 10.6 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Chamber Music Charleston's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.8% | +15.7% | +3.5% |
| 2023 | +14.1% | +15.2% | +10.2% |
| 2022 | +0.3% | +2.1% | +11.2% |
| 2021 | +13.0% | +18.4% | +15.0% |
| 2020 | +11.1% | +4.6% | +146.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chamber Music Charleston 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 Chamber Music Charleston 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 $11K, with revenue exceeding expenses.
Frequently Asked Questions about Chamber Music Charleston
Is Chamber Music Charleston a legitimate charity?
Chamber Music Charleston (EIN: 61778633) is a registered tax-exempt nonprofit based in South Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $436K. No red flags identified. Financial health grade: A.
How does Chamber Music Charleston spend its money?
Chamber Music Charleston reported $436K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chamber Music Charleston tax-deductible?
Chamber Music Charleston is registered as a tax-exempt nonprofit (EIN: 61778633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chamber Music Charleston located?
Chamber Music Charleston is headquartered in Charleston, South Carolina and files with the IRS under EIN 61778633. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Chamber Music Charleston have?
Chamber Music Charleston has 14 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 $436K in total revenue.
Filing History
IRS 990 filing history for Chamber Music Charleston showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Chamber Music Charleston's revenue has grown by 74.3%, moving from $237K to $413K. Total assets increased by 2925.2% over the same period, from $12K to $355K. Total functional expenses rose by 72.3%, from $233K to $402K. In its most recent filing year (2024), Chamber Music Charleston reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $413K | $402K | $355K | $0 | — | — |
| 2023 | $380K | $347K | $343K | $0 | — | View 990 |
| 2022 | $333K | $302K | $311K | $0 | — | View 990 |
| 2021 | $332K | $295K | $280K | $0 | — | View 990 |
| 2020 | $294K | $249K | $243K | $0 | — | View 990 |
| 2019 | $264K | $238K | $99K | $0 | — | View 990 |
| 2018 | $289K | $258K | $73K | $0 | — | — |
| 2017 | $280K | $251K | $42K | $0 | — | View 990 |
| 2016 | $254K | $245K | $14K | $0 | — | View 990 |
| 2015 | $263K | $260K | $5K | $0 | — | View 990 |
| 2014 | $251K | $251K | $2K | $0 | — | View 990 |
| 2013 | $238K | $239K | $864 | $0 | — | View 990 |
| 2012 | $262K | $261K | $668 | $0 | — | View 990 |
| 2011 | $237K | $233K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $413K, expenses of $402K, and assets of $355K (revenue +8.8% year-over-year).
- 2023: Revenue of $380K, expenses of $347K, and assets of $343K (revenue +14.1% year-over-year).
- 2022: Revenue of $333K, expenses of $302K, and assets of $311K (revenue +0.3% year-over-year).
- 2021: Revenue of $332K, expenses of $295K, and assets of $280K (revenue +13.0% year-over-year).
- 2020: Revenue of $294K, expenses of $249K, and assets of $243K (revenue +11.1% year-over-year).
- 2019: Revenue of $264K, expenses of $238K, and assets of $99K (revenue -8.5% year-over-year).
- 2018: Revenue of $289K, expenses of $258K, and assets of $73K (revenue +3.3% year-over-year).
- 2017: Revenue of $280K, expenses of $251K, and assets of $42K (revenue +10.2% year-over-year).
- 2016: Revenue of $254K, expenses of $245K, and assets of $14K (revenue -3.5% year-over-year).
- 2015: Revenue of $263K, expenses of $260K, and assets of $5K (revenue +4.6% year-over-year).
- 2014: Revenue of $251K, expenses of $251K, and assets of $2K (revenue +5.5% year-over-year).
- 2013: Revenue of $238K, expenses of $239K, and assets of $864 (revenue -9.0% year-over-year).
- 2012: Revenue of $262K, expenses of $261K, and assets of $668 (revenue +10.4% year-over-year).
- 2011: Revenue of $237K, expenses of $233K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chamber Music Charleston:
Data Sources and Methodology
This transparency report for Chamber Music Charleston 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.