Cleveland Classical Guitar Society
EIN: 272319077 · Euclid, OH · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $822K |
| Total Expenses | $566K |
| Net Assets | $359K |
Is Cleveland Classical Guitar Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cleveland Classical Guitar Society
Cleveland Classical Guitar Society (EIN: 272319077) is a nonprofit organization based in Euclid, OH, classified under NTEE code A68. The organization reported total revenue of $822K and total assets of $616K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cleveland Classical Guitar Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cleveland Classical Guitar Society is a small nonprofit that has been operating for 15 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 29.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $627K |
| Total Expenses | $566K |
| Surplus / Deficit | +$61K |
| Total Assets | $377K |
| Total Liabilities | $18K |
| Net Assets | $359K |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 8.0 months |
Financial Health Grade: A
In 2023, Cleveland Classical Guitar Society reported a surplus of $61K with revenue exceeding expenses, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Cleveland Classical Guitar Society's revenue has grown at a compound annual growth rate (CAGR) of 29.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.0% | +21.8% | +21.6% |
| 2022 | -14.9% | +3.2% | +37.2% |
| 2021 | +60.6% | +26.4% | +40.4% |
| 2020 | +54.1% | +66.8% | +135.2% |
| 2019 | +25.5% | +15.1% | +63.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cleveland Classical Guitar 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 Cleveland Classical Guitar 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.7%.
Frequently Asked Questions about Cleveland Classical Guitar Society
Is Cleveland Classical Guitar Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Cleveland Classical Guitar Society (EIN: 272319077) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cleveland Classical Guitar Society spend its money?
Detailed spending breakdown data is not yet available for Cleveland Classical Guitar Society. Check back for updated IRS 990 analysis.
Are donations to Cleveland Classical Guitar Society tax-deductible?
Cleveland Classical Guitar Society is registered as a tax-exempt nonprofit (EIN: 272319077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cleveland Classical Guitar Society located?
Cleveland Classical Guitar Society is headquartered in Euclid, Ohio and files with the IRS under EIN 272319077. It is classified under NTEE code A68.
How many years of IRS 990 filings does Cleveland Classical Guitar Society have?
Cleveland Classical Guitar Society has 11 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 $822K in total revenue.
Filing History
IRS 990 filing history for Cleveland Classical Guitar Society showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Cleveland Classical Guitar Society's revenue has grown by 1201.7%, moving from $48K to $627K. Total assets increased by 2105.5% over the same period, from $17K to $377K. Total functional expenses rose by 1215.5%, from $43K to $566K. In its most recent filing year (2023), Cleveland Classical Guitar Society reported a surplus of $61K, with revenue exceeding expenses. The organization holds $18K in liabilities against $377K in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $359K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $627K | $566K | $377K | $18K | — | View 990 |
| 2022 | $505K | $464K | $310K | $12K | — | View 990 |
| 2021 | $594K | $450K | $226K | $0 | — | View 990 |
| 2020 | $370K | $356K | $161K | $79K | — | View 990 |
| 2019 | $240K | $213K | $68K | $89 | — | View 990 |
| 2018 | $191K | $185K | $42K | $0 | — | View 990 |
| 2017 | $156K | $153K | $36K | $0 | — | View 990 |
| 2016 | $137K | $133K | $33K | $0 | — | View 990 |
| 2015 | $91K | $83K | $29K | $0 | — | View 990 |
| 2014 | $39K | $34K | $22K | $0 | — | View 990 |
| 2013 | $48K | $43K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $627K, expenses of $566K, and assets of $377K (revenue +24.0% year-over-year).
- 2022: Revenue of $505K, expenses of $464K, and assets of $310K (revenue -14.9% year-over-year).
- 2021: Revenue of $594K, expenses of $450K, and assets of $226K (revenue +60.6% year-over-year).
- 2020: Revenue of $370K, expenses of $356K, and assets of $161K (revenue +54.1% year-over-year).
- 2019: Revenue of $240K, expenses of $213K, and assets of $68K (revenue +25.5% year-over-year).
- 2018: Revenue of $191K, expenses of $185K, and assets of $42K (revenue +22.7% year-over-year).
- 2017: Revenue of $156K, expenses of $153K, and assets of $36K (revenue +13.5% year-over-year).
- 2016: Revenue of $137K, expenses of $133K, and assets of $33K (revenue +51.3% year-over-year).
- 2015: Revenue of $91K, expenses of $83K, and assets of $29K (revenue +132.7% year-over-year).
- 2014: Revenue of $39K, expenses of $34K, and assets of $22K (revenue -19.0% year-over-year).
- 2013: Revenue of $48K, expenses of $43K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cleveland Classical Guitar Society:
Data Sources and Methodology
This transparency report for Cleveland Classical Guitar 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.