Gay Mens Chorus Of Charlotte
Gay Men's Chorus of Charlotte experiences significant revenue growth and maintains 0% officer compensation.
EIN: 205361365 · Charlotte, NC · NTEE: T50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $384K |
| Total Expenses | $239K |
| Program Spending | 85% |
| Net Assets | $16K |
| Transparency Score | 88/100 |
Is Gay Mens Chorus Of Charlotte Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gay Mens Chorus Of Charlotte directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gay Mens Chorus Of Charlotte
Gay Mens Chorus Of Charlotte (EIN: 205361365) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T50. The organization reported total revenue of $384K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gay Mens Chorus Of Charlotte's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gay Mens Chorus Of Charlotte is a small nonprofit that has been operating for 10 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $239K |
| Surplus / Deficit | +$7K |
| Total Assets | $58K |
| Total Liabilities | $42K |
| Net Assets | $16K |
| Operating Margin | 2.9% |
| Debt-to-Asset Ratio | 72.4% |
| Months of Reserves | 2.9 months |
Financial Health Grade: B
In 2023, Gay Mens Chorus Of Charlotte reported a surplus of $7K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 72.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gay Mens Chorus Of Charlotte's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +138.9% | +175.6% | -31.6% |
| 2022 | +168.0% | +194.5% | +24.1% |
| 2021 | -52.5% | -54.5% | +408.4% |
| 2020 | -3.5% | -27.3% | +1341000.0% |
| 2019 | +10.8% | +23.6% | -99.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
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 Gay Mens Chorus Of Charlotte with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gay Mens Chorus Of Charlotte allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.4%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size.
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 Gay Mens Chorus Of Charlotte's IRS 990 filings:
- Modest asset base relative to recent revenue growth
Strengths
The following positive indicators were identified for Gay Mens Chorus Of Charlotte:
- Consistent 0% officer compensation across all filings
- Significant revenue growth in recent periods (e.g., $38,496 in 202106 to $246,515 in 202306)
- Positive trend in net assets over time
- Consistent IRS 990 filing history (13 filings)
Frequently Asked Questions about Gay Mens Chorus Of Charlotte
Is Gay Mens Chorus Of Charlotte a legitimate charity?
Gay Mens Chorus Of Charlotte (EIN: 205361365) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $384K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Gay Mens Chorus Of Charlotte spend its money?
Gay Mens Chorus Of Charlotte directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gay Mens Chorus Of Charlotte tax-deductible?
Gay Mens Chorus Of Charlotte is registered as a tax-exempt nonprofit (EIN: 205361365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gay Mens Chorus Of Charlotte's spending goes to programs?
Gay Mens Chorus Of Charlotte directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gay Mens Chorus Of Charlotte compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Gay Mens Chorus Of Charlotte is above average for NTEE category T50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gay Mens Chorus Of Charlotte located?
Gay Mens Chorus Of Charlotte is headquartered in Charlotte, North Carolina and files with the IRS under EIN 205361365. It is classified under NTEE code T50.
How many years of IRS 990 filings does Gay Mens Chorus Of Charlotte have?
Gay Mens Chorus Of Charlotte 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 $384K in total revenue.
Is the Gay Men's Chorus of Charlotte financially stable?
The organization shows increasing financial stability, with revenue growing significantly from $38,496 in 202106 to $246,515 in 202306, and assets increasing to $57,837 in the latest period.
How does the organization manage its expenses?
Expenses generally align closely with revenue, for example, $239,433 in expenses against $246,515 in revenue for 202306, suggesting efficient management of funds relative to income.
What is the trend in the organization's assets?
Assets have shown a positive trend, increasing from $1 in 201906 to $57,837 in 202306, indicating a growing financial base.
Filing History
IRS 990 filing history for Gay Mens Chorus Of Charlotte showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gay Mens Chorus Of Charlotte's revenue has grown by 222.4%, moving from $76K to $247K. Total assets increased by 438% over the same period, from $11K to $58K. Total functional expenses rose by 209.8%, from $77K to $239K. In its most recent filing year (2023), Gay Mens Chorus Of Charlotte reported a surplus of $7K, with revenue exceeding expenses. The organization holds $42K in liabilities against $58K in assets (debt-to-asset ratio: 72.4%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $247K | $239K | $58K | $42K | — | View 990 |
| 2022 | $103K | $87K | $85K | $45K | — | View 990 |
| 2021 | $38K | $29K | $68K | $45K | — | View 990 |
| 2020 | $81K | $65K | $13K | $1K | — | View 990 |
| 2019 | $84K | $89K | $1 | $4K | — | View 990 |
| 2018 | $76K | $72K | $783 | $0 | — | View 990 |
| 2017 | $78K | $82K | $1 | $3K | — | View 990 |
| 2016 | $38K | $47K | $5K | $2K | — | View 990 |
| 2015 | $60K | $44K | $14K | $3K | — | View 990 |
| 2014 | $96K | $76K | $7K | $15K | — | View 990 |
| 2013 | $55K | $78K | $1 | $20K | — | View 990 |
| 2012 | $65K | $73K | $3K | $0 | — | View 990 |
| 2011 | $76K | $77K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $247K, expenses of $239K, and assets of $58K (revenue +138.9% year-over-year).
- 2022: Revenue of $103K, expenses of $87K, and assets of $85K (revenue +168.0% year-over-year).
- 2021: Revenue of $38K, expenses of $29K, and assets of $68K (revenue -52.5% year-over-year).
- 2020: Revenue of $81K, expenses of $65K, and assets of $13K (revenue -3.5% year-over-year).
- 2019: Revenue of $84K, expenses of $89K, and assets of $1 (revenue +10.8% year-over-year).
- 2018: Revenue of $76K, expenses of $72K, and assets of $783 (revenue -2.4% year-over-year).
- 2017: Revenue of $78K, expenses of $82K, and assets of $1 (revenue +106.2% year-over-year).
- 2016: Revenue of $38K, expenses of $47K, and assets of $5K (revenue -36.9% year-over-year).
- 2015: Revenue of $60K, expenses of $44K, and assets of $14K (revenue -38.0% year-over-year).
- 2014: Revenue of $96K, expenses of $76K, and assets of $7K (revenue +75.1% year-over-year).
- 2013: Revenue of $55K, expenses of $78K, and assets of $1 (revenue -16.1% year-over-year).
- 2012: Revenue of $65K, expenses of $73K, and assets of $3K (revenue -14.4% year-over-year).
- 2011: Revenue of $76K, expenses of $77K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gay Mens Chorus Of Charlotte:
Data Sources and Methodology
This transparency report for Gay Mens Chorus Of Charlotte 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.