Chorus Of Westerly Endowment Trust
Chorus Of Westerly Endowment Trust: Strong Asset Growth, Limited Program Spending
EIN: 222906516 · Westerly, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $9K |
| Net Assets | $190K |
| Transparency Score | 60/100 |
Is Chorus Of Westerly Endowment Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chorus Of Westerly Endowment Trust
Chorus Of Westerly Endowment Trust (EIN: 222906516) is a nonprofit organization based in Westerly, RI. The organization reported total revenue of $69K and total assets of $190K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chorus Of Westerly Endowment Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chorus Of Westerly Endowment Trust is a micro nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 67.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $9K |
| Surplus / Deficit | +$20K |
| Total Assets | $190K |
| Net Assets | $190K |
| Operating Margin | 68.5% |
| Months of Reserves | 251.4 months |
Financial Health Grade: A
In 2024, Chorus Of Westerly Endowment Trust reported a surplus of $20K with revenue exceeding expenses, holds 251.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Chorus Of Westerly Endowment Trust's revenue has grown at a compound annual growth rate (CAGR) of 67.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +594.5% | -6.1% | +11.5% |
| 2023 | -89.7% | +33.6% | -3.2% |
| 2022 | +806.0% | -3.2% | +22.9% |
| 2021 | -51.4% | -15.9% | -2.0% |
| 2020 | -9.8% | +20.3% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chorus Of Westerly Endowment Trust with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Chorus Of Westerly Endowment Trust allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures are reported in the provided financial data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chorus Of Westerly Endowment Trust's IRS 990 filings:
- Consistent 0% program spending raises questions about direct charitable impact, as the endowment appears to solely manage assets rather than fund programs.
- Lack of detailed narrative or explanation for the 0% program spending in public filings.
Strengths
The following positive indicators were identified for Chorus Of Westerly Endowment Trust:
- Consistent growth in net assets from $142,269 in 2017 to $189,891 in 2024, demonstrating effective asset management.
- Low reported expenses relative to asset base, suggesting efficient administrative oversight of the endowment.
Frequently Asked Questions about Chorus Of Westerly Endowment Trust
Is Chorus Of Westerly Endowment Trust a legitimate charity?
Chorus Of Westerly Endowment Trust (EIN: 222906516) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $69K. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Chorus Of Westerly Endowment Trust spend its money?
Chorus Of Westerly Endowment Trust reported $69K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chorus Of Westerly Endowment Trust tax-deductible?
Chorus Of Westerly Endowment Trust is registered as a tax-exempt nonprofit (EIN: 222906516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chorus Of Westerly Endowment Trust located?
Chorus Of Westerly Endowment Trust is headquartered in Westerly, Rhode Island and files with the IRS under EIN 222906516.
How many years of IRS 990 filings does Chorus Of Westerly Endowment Trust have?
Chorus Of Westerly Endowment Trust 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 $69K in total revenue.
What does Chorus Of Westerly Endowment Trust do?
Chorus Of Westerly Endowment Trust is a nonprofit organization in the Unknown sector, located in Westerly, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Chorus Of Westerly Endowment Trust have?
Chorus Of Westerly Endowment Trust reported total revenue of $69,398. Based on 13 IRS 990 filings on record.
What are Chorus Of Westerly Endowment Trust's total assets?
Chorus Of Westerly Endowment Trust holds total assets of $189,891 as reported in IRS 990 filings.
Where is Chorus Of Westerly Endowment Trust located?
Chorus Of Westerly Endowment Trust is based in Westerly, Rhode Island.
What is Chorus Of Westerly Endowment Trust's EIN?
Chorus Of Westerly Endowment Trust's Employer Identification Number (EIN) is 222906516. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Chorus Of Westerly Endowment Trust?
Chorus Of Westerly Endowment Trust is classified under NTEE code Unknown (Unknown).
Is Chorus Of Westerly Endowment Trust a registered 501(c)(3)?
Chorus Of Westerly Endowment Trust appears in IRS records (EIN: 222906516). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Chorus Of Westerly Endowment Trust file IRS Form 990?
Yes, Chorus Of Westerly Endowment Trust has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Chorus Of Westerly Endowment Trust's revenue in 2024?
In the 202406 filing period, Chorus Of Westerly Endowment Trust reported total revenue of $28,737, total expenses of $9,065, and net assets of $189,891.
Is Chorus Of Westerly Endowment Trust's revenue growing or declining?
Chorus Of Westerly Endowment Trust's revenue is growing. Revenue went from $4,138 (202306) to $28,737 (202406), a +594.5% change. Based on 13 filings on record.
What is Chorus Of Westerly Endowment Trust's most recent 990 filing?
The most recent IRS Form 990 filing for Chorus Of Westerly Endowment Trust covers tax period 202406. It shows revenue of $28,737, expenses of $9,065, total assets of $189,891, and liabilities of N/A.
Is Chorus Of Westerly Endowment Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, Chorus Of Westerly Endowment Trust shows mixed signals. Mission Score: 60/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Chorus Of Westerly Endowment Trust?
The following concerns were identified: Consistent 0% program spending raises questions about direct charitable impact, as the endowment appears to solely manage assets rather than fund programs.. Lack of detailed narrative or explanation for the 0% program spending in public filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Chorus Of Westerly Endowment Trust's strengths?
Positive indicators for Chorus Of Westerly Endowment Trust include: Consistent growth in net assets from $142,269 in 2017 to $189,891 in 2024, demonstrating effective asset management.. Low reported expenses relative to asset base, suggesting efficient administrative oversight of the endowment.. These findings are derived from AI analysis of the organization's financial filings.
How does Chorus Of Westerly Endowment Trust compensate executives?
Executive compensation cannot be assessed as no compensation figures are reported in the provided financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% program spending, what is the specific mechanism by which the Chorus Of Westerly Endowment Trust supports the Chorus Of Westerly, and are there any direct grants or distributions made to the parent organization?
The provided data indicates the endowment trust itself does not directly spend on programs. Its support likely comes through distributions or grants to the main Chorus Of Westerly organization, which would then incur program expenses. This specific transfer mechanism is not detailed in the available filings for the endowment trust.
Filing History
IRS 990 filing history for Chorus Of Westerly Endowment Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Chorus Of Westerly Endowment Trust's revenue has grown by 47795%, moving from $60 to $29K. Total assets increased by 39.7% over the same period, from $136K to $190K. Total functional expenses rose by 106.4%, from $4K to $9K. In its most recent filing year (2024), Chorus Of Westerly Endowment Trust reported a surplus of $20K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $29K | $9K | $190K | $0 | — | — |
| 2023 | $4K | $10K | $170K | $0 | — | View 990 |
| 2022 | $40K | $7K | $176K | $0 | — | — |
| 2021 | $4K | $7K | $143K | $0 | — | — |
| 2020 | $9K | $9K | $146K | $0 | — | View 990 |
| 2019 | $10K | $7K | $146K | $0 | — | View 990 |
| 2018 | $5K | $8K | $142K | $0 | — | View 990 |
| 2017 | $10K | $7K | $144K | $0 | — | View 990 |
| 2016 | $-7,074 | $6K | $141K | $0 | — | View 990 |
| 2015 | $11K | $7K | $155K | $0 | — | View 990 |
| 2014 | $26K | $5K | $151K | $0 | — | View 990 |
| 2013 | $-1,223 | $4K | $130K | $0 | — | View 990 |
| 2012 | $60 | $4K | $136K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $29K, expenses of $9K, and assets of $190K (revenue +594.5% year-over-year).
- 2023: Revenue of $4K, expenses of $10K, and assets of $170K (revenue -89.7% year-over-year).
- 2022: Revenue of $40K, expenses of $7K, and assets of $176K (revenue +806.0% year-over-year).
- 2021: Revenue of $4K, expenses of $7K, and assets of $143K (revenue -51.4% year-over-year).
- 2020: Revenue of $9K, expenses of $9K, and assets of $146K (revenue -9.8% year-over-year).
- 2019: Revenue of $10K, expenses of $7K, and assets of $146K (revenue +85.3% year-over-year).
- 2018: Revenue of $5K, expenses of $8K, and assets of $142K (revenue -45.0% year-over-year).
- 2017: Revenue of $10K, expenses of $7K, and assets of $144K.
- 2016: Revenue of $-7,074, expenses of $6K, and assets of $141K (revenue -163.8% year-over-year).
- 2015: Revenue of $11K, expenses of $7K, and assets of $155K (revenue -57.7% year-over-year).
- 2014: Revenue of $26K, expenses of $5K, and assets of $151K.
- 2013: Revenue of $-1,223, expenses of $4K, and assets of $130K (revenue -2138.3% year-over-year).
- 2012: Revenue of $60, expenses of $4K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chorus Of Westerly Endowment Trust:
Data Sources and Methodology
This transparency report for Chorus Of Westerly Endowment Trust 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.