Encore Chamber Music Institute
EIN: 473783529 · Gates Mills, OH · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $429K |
| Total Expenses | $366K |
| Net Assets | $-1,358 |
Is Encore Chamber Music Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Encore Chamber Music Institute
Encore Chamber Music Institute (EIN: 473783529) is a nonprofit organization based in Gates Mills, OH, classified under NTEE code A68. The organization reported total revenue of $429K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Encore Chamber Music Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Encore Chamber Music Institute is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2016–2022). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $327K |
| Total Expenses | $366K |
| Surplus / Deficit | $-38,585 |
| Total Assets | $16K |
| Total Liabilities | $17K |
| Net Assets | $-1,358 |
| Operating Margin | -11.8% |
| Debt-to-Asset Ratio | 108.6% |
| Months of Reserves | 0.5 months |
Financial Health Grade: D
In 2022, Encore Chamber Music Institute reported a deficit of $39K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 108.6% (high leverage).
Financial Trends
Over 7 years of filings (2016–2022), Encore Chamber Music Institute's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +26.5% | +77.8% | -57.8% |
| 2021 | +951.1% | +424.1% | +324.1% |
| 2020 | -90.5% | -85.5% | -69.7% |
| 2019 | +20.8% | +31.7% | +196.5% |
| 2018 | -13.6% | -15.2% | +37.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Encore Chamber Music Institute 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 Encore Chamber Music Institute 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 108.6%.
Frequently Asked Questions about Encore Chamber Music Institute
Is Encore Chamber Music Institute a legitimate charity?
Encore Chamber Music Institute (EIN: 473783529) is a registered tax-exempt nonprofit based in Ohio. It has 7 years of IRS 990 filings on record. Total revenue: $429K. No red flags identified. Financial health grade: D.
How does Encore Chamber Music Institute spend its money?
Encore Chamber Music Institute reported $429K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Encore Chamber Music Institute tax-deductible?
Encore Chamber Music Institute is registered as a tax-exempt nonprofit (EIN: 473783529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Encore Chamber Music Institute located?
Encore Chamber Music Institute is headquartered in Gates Mills, Ohio and files with the IRS under EIN 473783529. It is classified under NTEE code A68.
How many years of IRS 990 filings does Encore Chamber Music Institute have?
Encore Chamber Music Institute has 7 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 $429K in total revenue.
Filing History
IRS 990 filing history for Encore Chamber Music Institute showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2022), Encore Chamber Music Institute's revenue has grown by 59.5%, moving from $205K to $327K. Total assets increased by 3577.3% over the same period, from $427 to $16K. Total functional expenses rose by 76.4%, from $208K to $366K. In its most recent filing year (2022), Encore Chamber Music Institute reported a deficit of $39K, with expenses exceeding revenue. The organization holds $17K in liabilities against $16K in assets (debt-to-asset ratio: 108.6%), resulting in net assets of $-1,358.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $327K | $366K | $16K | $17K | — | View 990 |
| 2021 | $259K | $206K | $37K | $0 | — | View 990 |
| 2020 | $25K | $39K | $9K | $25K | — | View 990 |
| 2019 | $259K | $270K | $29K | $30K | — | View 990 |
| 2018 | $215K | $205K | $10K | $0 | — | View 990 |
| 2017 | $249K | $242K | $7K | $0 | — | View 990 |
| 2016 | $205K | $208K | $427 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $327K, expenses of $366K, and assets of $16K (revenue +26.5% year-over-year).
- 2021: Revenue of $259K, expenses of $206K, and assets of $37K (revenue +951.1% year-over-year).
- 2020: Revenue of $25K, expenses of $39K, and assets of $9K (revenue -90.5% year-over-year).
- 2019: Revenue of $259K, expenses of $270K, and assets of $29K (revenue +20.8% year-over-year).
- 2018: Revenue of $215K, expenses of $205K, and assets of $10K (revenue -13.6% year-over-year).
- 2017: Revenue of $249K, expenses of $242K, and assets of $7K (revenue +21.1% year-over-year).
- 2016: Revenue of $205K, expenses of $208K, and assets of $427.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Encore Chamber Music Institute:
Data Sources and Methodology
This transparency report for Encore Chamber Music Institute 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.