Chattanooga Symphony And Opera Association
EIN: 626002098 · Chattanooga, TN · NTEE: A690
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.7M |
| Net Assets | $544K |
Is Chattanooga Symphony And Opera Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chattanooga Symphony And Opera Association
Chattanooga Symphony And Opera Association (EIN: 626002098) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code A690. The organization reported total revenue of $2.5M and total assets of $999K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chattanooga Symphony And Opera Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chattanooga Symphony And Opera Association is a mid-size nonprofit that has been operating for 75 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-694,096 |
| Total Assets | $1.0M |
| Total Liabilities | $462K |
| Net Assets | $544K |
| Operating Margin | -35.3% |
| Debt-to-Asset Ratio | 45.9% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2024, Chattanooga Symphony And Opera Association reported a deficit of $694K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 45.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Chattanooga Symphony And Opera Association's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.0% | -0.2% | -42.4% |
| 2023 | -36.7% | +15.2% | -36.1% |
| 2022 | +121.6% | +71.7% | +2.8% |
| 2021 | -40.3% | -42.2% | +39.6% |
| 2020 | -12.0% | -9.5% | -24.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chattanooga Symphony And Opera Association 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 Chattanooga Symphony And Opera Association 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 $694K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.9%.
Frequently Asked Questions about Chattanooga Symphony And Opera Association
Is Chattanooga Symphony And Opera Association a legitimate charity?
Chattanooga Symphony And Opera Association (EIN: 626002098) is a registered tax-exempt nonprofit based in Tennessee. It has 14 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. Financial health grade: B.
How does Chattanooga Symphony And Opera Association spend its money?
Chattanooga Symphony And Opera Association reported $2.5M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chattanooga Symphony And Opera Association tax-deductible?
Chattanooga Symphony And Opera Association is registered as a tax-exempt nonprofit (EIN: 626002098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chattanooga Symphony And Opera Association located?
Chattanooga Symphony And Opera Association is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 626002098. It is classified under NTEE code A690.
How many years of IRS 990 filings does Chattanooga Symphony And Opera Association have?
Chattanooga Symphony And Opera Association 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for Chattanooga Symphony And Opera Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Chattanooga Symphony And Opera Association's revenue has declined by 17.6%, moving from $2.4M to $2.0M. Total assets decreased by 59.6% over the same period, from $2.5M to $1.0M. Total functional expenses rose by 13.5%, from $2.3M to $2.7M. In its most recent filing year (2024), Chattanooga Symphony And Opera Association reported a deficit of $694K, with expenses exceeding revenue. The organization holds $462K in liabilities against $1.0M in assets (debt-to-asset ratio: 45.9%), resulting in net assets of $544K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.0M | $2.7M | $1.0M | $462K | — | — |
| 2023 | $1.7M | $2.7M | $1.7M | $565K | — | View 990 |
| 2022 | $2.7M | $2.3M | $2.7M | $340K | — | View 990 |
| 2021 | $1.2M | $1.3M | $2.7M | $857K | — | — |
| 2020 | $2.0M | $2.3M | $1.9M | $729K | — | View 990 |
| 2019 | $2.3M | $2.6M | $2.5M | $544K | — | View 990 |
| 2018 | $2.6M | $2.5M | $3.1M | $468K | — | — |
| 2017 | $2.6M | $2.6M | $2.9M | $555K | — | View 990 |
| 2016 | $2.6M | $2.6M | $2.8M | $562K | — | View 990 |
| 2015 | $2.5M | $2.5M | $2.7M | $473K | — | View 990 |
| 2014 | $2.7M | $2.5M | $2.8M | $687K | — | View 990 |
| 2013 | $2.4M | $2.5M | $2.4M | $534K | — | View 990 |
| 2012 | $2.2M | $2.2M | $2.4M | $346K | — | View 990 |
| 2011 | $2.4M | $2.3M | $2.5M | $519K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.0M, expenses of $2.7M, and assets of $1.0M (revenue +16.0% year-over-year).
- 2023: Revenue of $1.7M, expenses of $2.7M, and assets of $1.7M (revenue -36.7% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.3M, and assets of $2.7M (revenue +121.6% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.3M, and assets of $2.7M (revenue -40.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.3M, and assets of $1.9M (revenue -12.0% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.6M, and assets of $2.5M (revenue -12.1% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.5M, and assets of $3.1M (revenue -0.8% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $2.9M (revenue +2.0% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.6M, and assets of $2.8M (revenue +2.3% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.5M, and assets of $2.7M (revenue -6.4% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.5M, and assets of $2.8M (revenue +13.3% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.5M, and assets of $2.4M (revenue +7.0% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.2M, and assets of $2.4M (revenue -6.6% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.3M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chattanooga Symphony And Opera Association:
Data Sources and Methodology
This transparency report for Chattanooga Symphony And Opera Association 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.