Chesapeake Youth Symphony Orchestra
EIN: 521688994 · Annapolis, MD
| Metric | Value |
|---|---|
| Total Revenue | $142K |
| Total Expenses | $292K |
| Net Assets | $137K |
Is Chesapeake Youth Symphony Orchestra Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chesapeake Youth Symphony Orchestra
Chesapeake Youth Symphony Orchestra (EIN: 521688994) is a nonprofit organization based in Annapolis, MD. The organization reported total revenue of $142K and total assets of $226K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chesapeake Youth Symphony Orchestra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chesapeake Youth Symphony Orchestra is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $292K |
| Surplus / Deficit | $-49,387 |
| Total Assets | $140K |
| Total Liabilities | $4K |
| Net Assets | $137K |
| Operating Margin | -20.4% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2024, Chesapeake Youth Symphony Orchestra reported a deficit of $49K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Chesapeake Youth Symphony Orchestra's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.2% | +54.9% | -44.5% |
| 2023 | +17.2% | +18.3% | +52.5% |
| 2022 | +3.8% | +2.0% | +11.4% |
| 2021 | -5.1% | -22.0% | +6.2% |
| 2020 | -32.5% | -29.5% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chesapeake Youth Symphony Orchestra 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 Chesapeake Youth Symphony Orchestra 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 $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.5%.
Frequently Asked Questions about Chesapeake Youth Symphony Orchestra
Is Chesapeake Youth Symphony Orchestra a legitimate charity?
Chesapeake Youth Symphony Orchestra (EIN: 521688994) is a registered tax-exempt nonprofit based in Maryland. It has 13 years of IRS 990 filings on record. Total revenue: $142K. No red flags identified. Financial health grade: B.
How does Chesapeake Youth Symphony Orchestra spend its money?
Chesapeake Youth Symphony Orchestra reported $142K 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 Chesapeake Youth Symphony Orchestra tax-deductible?
Chesapeake Youth Symphony Orchestra is registered as a tax-exempt nonprofit (EIN: 521688994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chesapeake Youth Symphony Orchestra located?
Chesapeake Youth Symphony Orchestra is headquartered in Annapolis, Maryland and files with the IRS under EIN 521688994.
How many years of IRS 990 filings does Chesapeake Youth Symphony Orchestra have?
Chesapeake Youth Symphony Orchestra 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 $142K in total revenue.
Filing History
IRS 990 filing history for Chesapeake Youth Symphony Orchestra showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Chesapeake Youth Symphony Orchestra's revenue has grown by 55.9%, moving from $155K to $242K. Total assets decreased by 16.1% over the same period, from $167K to $140K. Total functional expenses rose by 99.2%, from $146K to $292K. In its most recent filing year (2024), Chesapeake Youth Symphony Orchestra reported a deficit of $49K, with expenses exceeding revenue. The organization holds $4K in liabilities against $140K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $137K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $242K | $292K | $140K | $4K | — | — |
| 2023 | $209K | $188K | $253K | $69K | — | — |
| 2022 | $178K | $159K | $166K | $2K | — | View 990 |
| 2021 | $171K | $156K | $149K | $608 | — | — |
| 2020 | $181K | $200K | $140K | $11K | — | View 990 |
| 2019 | $267K | $284K | $153K | $2K | — | View 990 |
| 2018 | $307K | $321K | $227K | $60K | — | View 990 |
| 2017 | $254K | $254K | $217K | $36K | — | View 990 |
| 2016 | $195K | $176K | $221K | $39K | — | View 990 |
| 2015 | $170K | $167K | $175K | $10K | — | View 990 |
| 2014 | $175K | $184K | $177K | $14K | — | View 990 |
| 2013 | $173K | $160K | $182K | $10K | — | View 990 |
| 2012 | $155K | $146K | $167K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $242K, expenses of $292K, and assets of $140K (revenue +16.2% year-over-year).
- 2023: Revenue of $209K, expenses of $188K, and assets of $253K (revenue +17.2% year-over-year).
- 2022: Revenue of $178K, expenses of $159K, and assets of $166K (revenue +3.8% year-over-year).
- 2021: Revenue of $171K, expenses of $156K, and assets of $149K (revenue -5.1% year-over-year).
- 2020: Revenue of $181K, expenses of $200K, and assets of $140K (revenue -32.5% year-over-year).
- 2019: Revenue of $267K, expenses of $284K, and assets of $153K (revenue -12.8% year-over-year).
- 2018: Revenue of $307K, expenses of $321K, and assets of $227K (revenue +20.9% year-over-year).
- 2017: Revenue of $254K, expenses of $254K, and assets of $217K (revenue +30.3% year-over-year).
- 2016: Revenue of $195K, expenses of $176K, and assets of $221K (revenue +14.5% year-over-year).
- 2015: Revenue of $170K, expenses of $167K, and assets of $175K (revenue -2.6% year-over-year).
- 2014: Revenue of $175K, expenses of $184K, and assets of $177K (revenue +0.6% year-over-year).
- 2013: Revenue of $173K, expenses of $160K, and assets of $182K (revenue +11.6% year-over-year).
- 2012: Revenue of $155K, expenses of $146K, and assets of $167K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chesapeake Youth Symphony Orchestra:
Data Sources and Methodology
This transparency report for Chesapeake Youth Symphony Orchestra 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.