Chamber Music Society Of Detroit
EIN: 382794258 · Detroit, MI · NTEE: A68Z
| Metric | Value |
|---|---|
| Total Revenue | $742K |
| Total Expenses | $808K |
| Net Assets | $42K |
Is Chamber Music Society Of Detroit 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 Society Of Detroit
Chamber Music Society Of Detroit (EIN: 382794258) is a nonprofit organization based in Detroit, MI, classified under NTEE code A68Z. The organization reported total revenue of $742K and total assets of $360K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Music Society Of Detroit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Music Society Of Detroit is a small nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $742K |
| Total Expenses | $808K |
| Surplus / Deficit | $-65,754 |
| Total Assets | $360K |
| Total Liabilities | $317K |
| Net Assets | $42K |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 88.2% |
| Months of Reserves | 5.3 months |
Financial Health Grade: C
In 2024, Chamber Music Society Of Detroit reported a deficit of $66K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 88.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Chamber Music Society Of Detroit's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +21.0% | -1.5% | -19.6% |
| 2023 | -18.6% | +12.1% | -32.1% |
| 2022 | +19.3% | +45.0% | +50.9% |
| 2021 | -5.3% | -22.3% | +1.0% |
| 2020 | -6.6% | -24.9% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chamber Music Society Of Detroit 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 Society Of Detroit 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 deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 88.2%.
Frequently Asked Questions about Chamber Music Society Of Detroit
Is Chamber Music Society Of Detroit a legitimate charity?
Based on AI analysis of IRS 990 filings, Chamber Music Society Of Detroit (EIN: 382794258) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chamber Music Society Of Detroit spend its money?
Detailed spending breakdown data is not yet available for Chamber Music Society Of Detroit. Check back for updated IRS 990 analysis.
Are donations to Chamber Music Society Of Detroit tax-deductible?
Chamber Music Society Of Detroit is registered as a tax-exempt nonprofit (EIN: 382794258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chamber Music Society Of Detroit located?
Chamber Music Society Of Detroit is headquartered in Detroit, Michigan and files with the IRS under EIN 382794258. It is classified under NTEE code A68Z.
How many years of IRS 990 filings does Chamber Music Society Of Detroit have?
Chamber Music Society Of Detroit 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 $742K in total revenue.
Filing History
IRS 990 filing history for Chamber Music Society Of Detroit showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Chamber Music Society Of Detroit's revenue has grown by 1.4%, moving from $732K to $742K. Total assets decreased by 66.1% over the same period, from $1.1M to $360K. Total functional expenses fell by 0.5%, from $812K to $808K. In its most recent filing year (2024), Chamber Music Society Of Detroit reported a deficit of $66K, with expenses exceeding revenue. The organization holds $317K in liabilities against $360K in assets (debt-to-asset ratio: 88.2%), resulting in net assets of $42K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $742K | $808K | $360K | $317K | — | — |
| 2023 | $614K | $820K | $448K | $323K | — | View 990 |
| 2022 | $754K | $731K | $659K | $328K | — | View 990 |
| 2021 | $632K | $505K | $437K | $165K | — | View 990 |
| 2020 | $668K | $649K | $433K | $287K | — | View 990 |
| 2019 | $715K | $864K | $440K | $313K | — | View 990 |
| 2018 | $662K | $691K | $1.2M | $244K | — | View 990 |
| 2017 | $827K | $760K | $479K | $222K | — | View 990 |
| 2016 | $823K | $680K | $445K | $255K | — | View 990 |
| 2015 | $747K | $706K | $234K | $188K | — | View 990 |
| 2014 | $754K | $837K | $256K | $250K | — | View 990 |
| 2013 | $831K | $889K | $501K | $413K | — | View 990 |
| 2012 | $804K | $866K | $1.1M | $972K | — | View 990 |
| 2011 | $732K | $812K | $1.1M | $855K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $742K, expenses of $808K, and assets of $360K (revenue +21.0% year-over-year).
- 2023: Revenue of $614K, expenses of $820K, and assets of $448K (revenue -18.6% year-over-year).
- 2022: Revenue of $754K, expenses of $731K, and assets of $659K (revenue +19.3% year-over-year).
- 2021: Revenue of $632K, expenses of $505K, and assets of $437K (revenue -5.3% year-over-year).
- 2020: Revenue of $668K, expenses of $649K, and assets of $433K (revenue -6.6% year-over-year).
- 2019: Revenue of $715K, expenses of $864K, and assets of $440K (revenue +8.0% year-over-year).
- 2018: Revenue of $662K, expenses of $691K, and assets of $1.2M (revenue -20.0% year-over-year).
- 2017: Revenue of $827K, expenses of $760K, and assets of $479K (revenue +0.5% year-over-year).
- 2016: Revenue of $823K, expenses of $680K, and assets of $445K (revenue +10.3% year-over-year).
- 2015: Revenue of $747K, expenses of $706K, and assets of $234K (revenue -1.0% year-over-year).
- 2014: Revenue of $754K, expenses of $837K, and assets of $256K (revenue -9.2% year-over-year).
- 2013: Revenue of $831K, expenses of $889K, and assets of $501K (revenue +3.3% year-over-year).
- 2012: Revenue of $804K, expenses of $866K, and assets of $1.1M (revenue +9.8% year-over-year).
- 2011: Revenue of $732K, expenses of $812K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chamber Music Society Of Detroit:
Data Sources and Methodology
This transparency report for Chamber Music Society Of Detroit 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.