Charlotte Choir School
EIN: 562271723 · Charlotte, NC · NTEE: A6B
| Metric | Value |
|---|---|
| Total Revenue | $309K |
| Total Expenses | $369K |
| Net Assets | $500K |
Is Charlotte Choir School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charlotte Choir School
Charlotte Choir School (EIN: 562271723) is a nonprofit organization based in Charlotte, NC, classified under NTEE code A6B. The organization reported total revenue of $309K and total assets of $528K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Choir School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Choir School is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $340K |
| Total Expenses | $369K |
| Surplus / Deficit | $-28,361 |
| Total Assets | $500K |
| Net Assets | $500K |
| Operating Margin | -8.3% |
| Months of Reserves | 16.3 months |
Financial Health Grade: B
In 2023, Charlotte Choir School reported a deficit of $28K with expenses exceeding revenue, holds 16.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Charlotte Choir School's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +93.7% | +175.6% | +0.7% |
| 2022 | -37.0% | -44.7% | -3.7% |
| 2021 | -11.1% | +9.9% | +16.9% |
| 2020 | +6.7% | -26.8% | +40.8% |
| 2019 | -6.7% | +10.5% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charlotte Choir School 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 Charlotte Choir School 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
Frequently Asked Questions about Charlotte Choir School
Is Charlotte Choir School a legitimate charity?
Charlotte Choir School (EIN: 562271723) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $309K. No red flags identified. Financial health grade: B.
How does Charlotte Choir School spend its money?
Charlotte Choir School reported $309K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Charlotte Choir School tax-deductible?
Charlotte Choir School is registered as a tax-exempt nonprofit (EIN: 562271723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charlotte Choir School located?
Charlotte Choir School is headquartered in Charlotte, North Carolina and files with the IRS under EIN 562271723. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Charlotte Choir School have?
Charlotte Choir School 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 $309K in total revenue.
Filing History
IRS 990 filing history for Charlotte Choir School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Charlotte Choir School's revenue has grown by 44.2%, moving from $236K to $340K. Total assets increased by 307.1% over the same period, from $123K to $500K. Total functional expenses rose by 24.9%, from $295K to $369K. In its most recent filing year (2023), Charlotte Choir School reported a deficit of $28K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $340K | $369K | $500K | $0 | — | — |
| 2022 | $176K | $134K | $497K | $0 | — | View 990 |
| 2021 | $279K | $242K | $516K | $0 | — | View 990 |
| 2020 | $314K | $220K | $441K | $0 | — | — |
| 2019 | $294K | $301K | $314K | $0 | — | View 990 |
| 2018 | $315K | $272K | $287K | $0 | — | View 990 |
| 2017 | $260K | $255K | $255K | $0 | — | View 990 |
| 2016 | $274K | $260K | $222K | $0 | — | View 990 |
| 2015 | $355K | $368K | $200K | $0 | — | View 990 |
| 2014 | $270K | $226K | $213K | $0 | — | View 990 |
| 2013 | $233K | $214K | $170K | $0 | — | View 990 |
| 2012 | $223K | $204K | $145K | $0 | — | View 990 |
| 2011 | $236K | $295K | $123K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $340K, expenses of $369K, and assets of $500K (revenue +93.7% year-over-year).
- 2022: Revenue of $176K, expenses of $134K, and assets of $497K (revenue -37.0% year-over-year).
- 2021: Revenue of $279K, expenses of $242K, and assets of $516K (revenue -11.1% year-over-year).
- 2020: Revenue of $314K, expenses of $220K, and assets of $441K (revenue +6.7% year-over-year).
- 2019: Revenue of $294K, expenses of $301K, and assets of $314K (revenue -6.7% year-over-year).
- 2018: Revenue of $315K, expenses of $272K, and assets of $287K (revenue +21.0% year-over-year).
- 2017: Revenue of $260K, expenses of $255K, and assets of $255K (revenue -5.1% year-over-year).
- 2016: Revenue of $274K, expenses of $260K, and assets of $222K (revenue -22.8% year-over-year).
- 2015: Revenue of $355K, expenses of $368K, and assets of $200K (revenue +31.6% year-over-year).
- 2014: Revenue of $270K, expenses of $226K, and assets of $213K (revenue +15.9% year-over-year).
- 2013: Revenue of $233K, expenses of $214K, and assets of $170K (revenue +4.4% year-over-year).
- 2012: Revenue of $223K, expenses of $204K, and assets of $145K (revenue -5.5% year-over-year).
- 2011: Revenue of $236K, expenses of $295K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlotte Choir School:
Data Sources and Methodology
This transparency report for Charlotte Choir School 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.