Choral Art Society
EIN: 237385737 · Portland, ME · NTEE: A6BZ
| Metric | Value |
|---|---|
| Total Revenue | $222K |
| Total Expenses | $156K |
| Net Assets | $217K |
Is Choral Art Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Choral Art Society
Choral Art Society (EIN: 237385737) is a nonprofit organization based in Portland, ME, classified under NTEE code A6BZ. The organization reported total revenue of $222K and total assets of $275K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Choral Art Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Choral Art Society is a small nonprofit that has been operating for 52 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $156K |
| Surplus / Deficit | +$29K |
| Total Assets | $227K |
| Total Liabilities | $10K |
| Net Assets | $217K |
| Operating Margin | 15.7% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2024, Choral Art Society reported a surplus of $29K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Choral Art Society's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +35.1% | +16.3% | +18.6% |
| 2023 | +18.6% | +29.3% | +1.7% |
| 2022 | +113.0% | +134.6% | -3.9% |
| 2021 | -46.1% | -58.3% | +14.5% |
| 2020 | -17.7% | -2.9% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Choral Art Society 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 Choral Art Society 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 surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.5%.
Frequently Asked Questions about Choral Art Society
Is Choral Art Society a legitimate charity?
Choral Art Society (EIN: 237385737) is a registered tax-exempt nonprofit based in Maine. It has 14 years of IRS 990 filings on record. Total revenue: $222K. No red flags identified. Financial health grade: A.
How does Choral Art Society spend its money?
Choral Art Society reported $222K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Choral Art Society tax-deductible?
Choral Art Society is registered as a tax-exempt nonprofit (EIN: 237385737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Choral Art Society located?
Choral Art Society is headquartered in Portland, Maine and files with the IRS under EIN 237385737. It is classified under NTEE code A6BZ.
How many years of IRS 990 filings does Choral Art Society have?
Choral Art Society 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 $222K in total revenue.
Filing History
IRS 990 filing history for Choral Art Society showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Choral Art Society's revenue has grown by 101%, moving from $92K to $185K. Total assets increased by 73.9% over the same period, from $131K to $227K. Total functional expenses rose by 67.2%, from $93K to $156K. In its most recent filing year (2024), Choral Art Society reported a surplus of $29K, with revenue exceeding expenses. The organization holds $10K in liabilities against $227K in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $217K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $185K | $156K | $227K | $10K | — | — |
| 2023 | $137K | $134K | $192K | $8K | — | View 990 |
| 2022 | $115K | $104K | $188K | $12K | — | View 990 |
| 2021 | $54K | $44K | $196K | $22K | — | — |
| 2020 | $100K | $106K | $171K | $19K | — | View 990 |
| 2019 | $122K | $109K | $166K | $8K | — | View 990 |
| 2018 | $148K | $140K | $180K | $37K | — | View 990 |
| 2017 | $137K | $123K | $155K | $22K | — | View 990 |
| 2016 | $125K | $109K | $149K | $30K | — | View 990 |
| 2015 | $115K | $115K | $109K | $9K | — | View 990 |
| 2014 | $101K | $100K | $106K | $5K | — | View 990 |
| 2013 | $111K | $127K | $101K | $5K | — | View 990 |
| 2012 | $88K | $105K | $118K | $10K | — | View 990 |
| 2011 | $92K | $93K | $131K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $185K, expenses of $156K, and assets of $227K (revenue +35.1% year-over-year).
- 2023: Revenue of $137K, expenses of $134K, and assets of $192K (revenue +18.6% year-over-year).
- 2022: Revenue of $115K, expenses of $104K, and assets of $188K (revenue +113.0% year-over-year).
- 2021: Revenue of $54K, expenses of $44K, and assets of $196K (revenue -46.1% year-over-year).
- 2020: Revenue of $100K, expenses of $106K, and assets of $171K (revenue -17.7% year-over-year).
- 2019: Revenue of $122K, expenses of $109K, and assets of $166K (revenue -17.5% year-over-year).
- 2018: Revenue of $148K, expenses of $140K, and assets of $180K (revenue +8.3% year-over-year).
- 2017: Revenue of $137K, expenses of $123K, and assets of $155K (revenue +9.0% year-over-year).
- 2016: Revenue of $125K, expenses of $109K, and assets of $149K (revenue +9.5% year-over-year).
- 2015: Revenue of $115K, expenses of $115K, and assets of $109K (revenue +13.3% year-over-year).
- 2014: Revenue of $101K, expenses of $100K, and assets of $106K (revenue -8.9% year-over-year).
- 2013: Revenue of $111K, expenses of $127K, and assets of $101K (revenue +26.4% year-over-year).
- 2012: Revenue of $88K, expenses of $105K, and assets of $118K (revenue -4.5% year-over-year).
- 2011: Revenue of $92K, expenses of $93K, and assets of $131K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Choral Art Society:
Data Sources and Methodology
This transparency report for Choral Art Society 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.