Chamber Music Festival Of Lexingtoninc
Chamber Music Festival Of Lexingtoninc operates on a modest budget with fluctuating annual surpluses and deficits, and no reported officer compensation.
EIN: 208524110 · Lexington, KY · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $107K |
| Program Spending | 85% |
| Net Assets | $26K |
| Transparency Score | 85/100 |
Is Chamber Music Festival Of Lexingtoninc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chamber Music Festival Of Lexingtoninc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chamber Music Festival Of Lexingtoninc
Chamber Music Festival Of Lexingtoninc (EIN: 208524110) is a nonprofit organization based in Lexington, KY, classified under NTEE code A68. The organization reported total revenue of $102K and total assets of $30K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Music Festival Of Lexingtoninc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Music Festival Of Lexingtoninc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $107K |
| Surplus / Deficit | $-22,120 |
| Total Assets | $28K |
| Total Liabilities | $1K |
| Net Assets | $26K |
| Operating Margin | -26.2% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, Chamber Music Festival Of Lexingtoninc reported a deficit of $22K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chamber Music Festival Of Lexingtoninc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | +46.9% | -43.6% |
| 2022 | +29.3% | +9.2% | +28.8% |
| 2021 | +73.3% | +87.8% | -5.0% |
| 2020 | -53.4% | -61.4% | +2.7% |
| 2019 | -1.0% | +34.3% | +15.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Festival Of Lexingtoninc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Chamber Music Festival Of Lexingtoninc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.3%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size.
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 Festival Of Lexingtoninc's IRS 990 filings:
- Inconsistent annual financial performance with several years of operating deficits (e.g., 2023, 2019, 2016, 2015, 2014).
Strengths
The following positive indicators were identified for Chamber Music Festival Of Lexingtoninc:
- Consistent 0% officer compensation across all filings, indicating volunteer leadership.
- Low liabilities maintained consistently over time, demonstrating fiscal prudence.
- Strong transparency with 13 years of consistent IRS 990 filings.
- Stable asset base for an organization of its size, indicating responsible management of resources.
Frequently Asked Questions about Chamber Music Festival Of Lexingtoninc
Is Chamber Music Festival Of Lexingtoninc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chamber Music Festival Of Lexingtoninc (EIN: 208524110) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Chamber Music Festival Of Lexingtoninc spend its money?
Chamber Music Festival Of Lexingtoninc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chamber Music Festival Of Lexingtoninc tax-deductible?
Chamber Music Festival Of Lexingtoninc is registered as a tax-exempt nonprofit (EIN: 208524110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chamber Music Festival Of Lexingtoninc's spending goes to programs?
Chamber Music Festival Of Lexingtoninc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chamber Music Festival Of Lexingtoninc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Chamber Music Festival Of Lexingtoninc is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chamber Music Festival Of Lexingtoninc located?
Chamber Music Festival Of Lexingtoninc is headquartered in Lexington, Kentucky and files with the IRS under EIN 208524110. It is classified under NTEE code A68.
How many years of IRS 990 filings does Chamber Music Festival Of Lexingtoninc have?
Chamber Music Festival Of Lexingtoninc 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 $102K in total revenue.
Is Chamber Music Festival Of Lexingtoninc a good charity?
Based on the available data, the Chamber Music Festival Of Lexingtoninc appears to be a good charity, particularly due to its consistent 0% officer compensation, indicating that all leadership is volunteer. This suggests a strong commitment to directing funds towards its mission. While it experiences some annual deficits, its overall financial health is stable for an organization of its size, with low liabilities and consistent IRS 990 filings demonstrating transparency.
How does the organization manage its finances given fluctuating revenues?
The organization manages its finances by maintaining low liabilities, which have rarely exceeded $1,500, even during periods of deficit spending like 2023 ($106,660 expenses vs. $84,540 revenue). This suggests careful budgeting and a reliance on annual fundraising to cover operational costs, rather than accumulating significant debt.
What is the trend in the organization's assets?
The organization's assets have fluctuated over time, ranging from a low of $21,412 in 2016 to a high of $49,488 in 2022. The latest reported assets are $29,982, indicating a generally stable but not significantly growing asset base, which is common for smaller arts organizations that spend most of their revenue annually.
Filing History
IRS 990 filing history for Chamber Music Festival Of Lexingtoninc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chamber Music Festival Of Lexingtoninc's revenue has grown by 11%, moving from $76K to $85K. Total assets decreased by 39.5% over the same period, from $46K to $28K. Total functional expenses rose by 55%, from $69K to $107K. In its most recent filing year (2023), Chamber Music Festival Of Lexingtoninc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $1K in liabilities against $28K in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $107K | $28K | $1K | — | View 990 |
| 2022 | $83K | $73K | $49K | $929 | — | View 990 |
| 2021 | $64K | $66K | $38K | $333 | — | — |
| 2020 | $37K | $35K | $40K | $152 | — | — |
| 2019 | $79K | $92K | $39K | $775 | — | View 990 |
| 2018 | $80K | $68K | $34K | $0 | — | View 990 |
| 2017 | $68K | $68K | $22K | $0 | — | View 990 |
| 2016 | $83K | $88K | $21K | $0 | — | View 990 |
| 2015 | $83K | $92K | $26K | $0 | — | View 990 |
| 2014 | $85K | $89K | $35K | $15 | — | View 990 |
| 2013 | $96K | $92K | $38K | $0 | — | View 990 |
| 2012 | $77K | $89K | $35K | $703 | — | View 990 |
| 2011 | $76K | $69K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $107K, and assets of $28K (revenue +1.7% year-over-year).
- 2022: Revenue of $83K, expenses of $73K, and assets of $49K (revenue +29.3% year-over-year).
- 2021: Revenue of $64K, expenses of $66K, and assets of $38K (revenue +73.3% year-over-year).
- 2020: Revenue of $37K, expenses of $35K, and assets of $40K (revenue -53.4% year-over-year).
- 2019: Revenue of $79K, expenses of $92K, and assets of $39K (revenue -1.0% year-over-year).
- 2018: Revenue of $80K, expenses of $68K, and assets of $34K (revenue +17.2% year-over-year).
- 2017: Revenue of $68K, expenses of $68K, and assets of $22K (revenue -18.0% year-over-year).
- 2016: Revenue of $83K, expenses of $88K, and assets of $21K (revenue +0.7% year-over-year).
- 2015: Revenue of $83K, expenses of $92K, and assets of $26K (revenue -3.0% year-over-year).
- 2014: Revenue of $85K, expenses of $89K, and assets of $35K (revenue -11.4% year-over-year).
- 2013: Revenue of $96K, expenses of $92K, and assets of $38K (revenue +26.0% year-over-year).
- 2012: Revenue of $77K, expenses of $89K, and assets of $35K (revenue +0.5% year-over-year).
- 2011: Revenue of $76K, expenses of $69K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chamber Music Festival Of Lexingtoninc:
Data Sources and Methodology
This transparency report for Chamber Music Festival Of Lexingtoninc 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.