Great Lakes Chamber Music Festival Operating Corporation
Great Lakes Chamber Music Festival shows consistent revenue growth and strong asset accumulation with no officer compensation.
EIN: 201106153 · Southfield, MI · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $587K |
| Total Expenses | $615K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $700,000. |
| Net Assets | $753K |
| Transparency Score | 92/100 |
Is Great Lakes Chamber Music Festival Operating Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Lakes Chamber Music Festival Operating Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Lakes Chamber Music Festival Operating Corporation
Great Lakes Chamber Music Festival Operating Corporation (EIN: 201106153) is a nonprofit organization based in Southfield, MI, classified under NTEE code A68. The organization reported total revenue of $587K and total assets of $833K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Lakes Chamber Music Festival Operating Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Lakes Chamber Music Festival Operating Corporation is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $694K |
| Total Expenses | $615K |
| Surplus / Deficit | +$79K |
| Total Assets | $798K |
| Total Liabilities | $45K |
| Net Assets | $753K |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Great Lakes Chamber Music Festival Operating Corporation reported a surplus of $79K with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Great Lakes Chamber Music Festival Operating Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.4% | +31.1% | +16.2% |
| 2022 | +21.3% | +17.1% | +15.9% |
| 2021 | +37.0% | +22.9% | +28.1% |
| 2020 | -37.5% | -45.1% | +10.4% |
| 2019 | +6.5% | +13.1% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Great Lakes Chamber Music Festival Operating Corporation with a Mission Score of 92 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, Great Lakes Chamber Music Festival Operating Corporation 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 $79K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size with revenues approaching $700,000.
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.
Strengths
The following positive indicators were identified for Great Lakes Chamber Music Festival Operating Corporation:
- Consistent revenue growth, increasing from $362,035 in 2020 to $694,245 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication.
- Strong asset accumulation, with assets growing from $462,782 in 2020 to $798,255 in 2023.
- Low liabilities relative to assets, demonstrating strong financial health and stability.
- Positive net income in most recent years, contributing to asset growth (e.g., $79,231 in 2023).
Frequently Asked Questions about Great Lakes Chamber Music Festival Operating Corporation
Is Great Lakes Chamber Music Festival Operating Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Lakes Chamber Music Festival Operating Corporation (EIN: 201106153) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Great Lakes Chamber Music Festival Operating Corporation spend its money?
Great Lakes Chamber Music Festival Operating Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Great Lakes Chamber Music Festival Operating Corporation tax-deductible?
Great Lakes Chamber Music Festival Operating Corporation is registered as a tax-exempt nonprofit (EIN: 201106153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Great Lakes Chamber Music Festival Operating Corporation CEO make?
Great Lakes Chamber Music Festival Operating Corporation's highest-compensated officer earns $700,000. annually. The organization reported $587K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Great Lakes Chamber Music Festival Operating Corporation's spending goes to programs?
Great Lakes Chamber Music Festival Operating Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Great Lakes Chamber Music Festival Operating Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Great Lakes Chamber Music Festival Operating Corporation is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Great Lakes Chamber Music Festival Operating Corporation located?
Great Lakes Chamber Music Festival Operating Corporation is headquartered in Southfield, Michigan and files with the IRS under EIN 201106153. It is classified under NTEE code A68.
How many years of IRS 990 filings does Great Lakes Chamber Music Festival Operating Corporation have?
Great Lakes Chamber Music Festival Operating Corporation 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 $587K in total revenue.
Is Great Lakes Chamber Music Festival Operating Corporation a good charity?
Based on its financial data, the Great Lakes Chamber Music Festival Operating Corporation appears to be a very good charity. It consistently demonstrates strong financial health, efficient use of funds with no officer compensation, and a clear focus on its mission as evidenced by its growing assets and revenue.
How has the organization's revenue trended over the past few years?
The organization has shown a strong upward trend in revenue, increasing from $362,035 in 2020 to $694,245 in 2023, indicating growing support and financial capacity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers, which is a strong indicator of financial efficiency and dedication to its mission.
How do the organization's assets compare to its liabilities?
The organization maintains a very healthy balance sheet, with assets significantly exceeding liabilities. For example, in 2023, assets were $798,255 while liabilities were only $45,218, demonstrating strong financial stability.
Filing History
IRS 990 filing history for Great Lakes Chamber Music Festival Operating Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Great Lakes Chamber Music Festival Operating Corporation's revenue has grown by 81.9%, moving from $382K to $694K. Total assets increased by 424% over the same period, from $152K to $798K. Total functional expenses rose by 75.8%, from $350K to $615K. In its most recent filing year (2023), Great Lakes Chamber Music Festival Operating Corporation reported a surplus of $79K, with revenue exceeding expenses. The organization holds $45K in liabilities against $798K in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $753K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $694K | $615K | $798K | $45K | — | View 990 |
| 2022 | $602K | $469K | $687K | $31K | — | View 990 |
| 2021 | $496K | $401K | $593K | $5K | — | View 990 |
| 2020 | $362K | $326K | $463K | $17K | — | View 990 |
| 2019 | $580K | $594K | $419K | $7K | — | View 990 |
| 2018 | $544K | $525K | $438K | $11K | — | View 990 |
| 2017 | $569K | $488K | $407K | $7K | — | View 990 |
| 2016 | $395K | $433K | $322K | $16K | — | View 990 |
| 2015 | $481K | $450K | $364K | $5K | — | View 990 |
| 2014 | $597K | $457K | $353K | $26K | — | View 990 |
| 2013 | $504K | $444K | $187K | $0 | — | View 990 |
| 2012 | $349K | $361K | $132K | $5K | — | View 990 |
| 2011 | $382K | $350K | $152K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $694K, expenses of $615K, and assets of $798K (revenue +15.4% year-over-year).
- 2022: Revenue of $602K, expenses of $469K, and assets of $687K (revenue +21.3% year-over-year).
- 2021: Revenue of $496K, expenses of $401K, and assets of $593K (revenue +37.0% year-over-year).
- 2020: Revenue of $362K, expenses of $326K, and assets of $463K (revenue -37.5% year-over-year).
- 2019: Revenue of $580K, expenses of $594K, and assets of $419K (revenue +6.5% year-over-year).
- 2018: Revenue of $544K, expenses of $525K, and assets of $438K (revenue -4.4% year-over-year).
- 2017: Revenue of $569K, expenses of $488K, and assets of $407K (revenue +44.2% year-over-year).
- 2016: Revenue of $395K, expenses of $433K, and assets of $322K (revenue -17.8% year-over-year).
- 2015: Revenue of $481K, expenses of $450K, and assets of $364K (revenue -19.5% year-over-year).
- 2014: Revenue of $597K, expenses of $457K, and assets of $353K (revenue +18.6% year-over-year).
- 2013: Revenue of $504K, expenses of $444K, and assets of $187K (revenue +44.3% year-over-year).
- 2012: Revenue of $349K, expenses of $361K, and assets of $132K (revenue -8.6% year-over-year).
- 2011: Revenue of $382K, expenses of $350K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Lakes Chamber Music Festival Operating Corporation:
Data Sources and Methodology
This transparency report for Great Lakes Chamber Music Festival Operating Corporation 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.