Harmonium A Classical Choral Society Inc
Harmonium A Classical Choral Society: Strong Program Spending, but Declining Net Assets
EIN: 222304418 · Morristown, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $219K |
| Total Expenses | $165K |
| Program Spending | 65% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $244K |
| Transparency Score | 75/100 |
Is Harmonium A Classical Choral Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harmonium A Classical Choral Society Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Harmonium A Classical Choral Society Inc
Harmonium A Classical Choral Society Inc (EIN: 222304418) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $219K and total assets of $295K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harmonium A Classical Choral Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harmonium A Classical Choral Society Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $317K |
| Total Expenses | $165K |
| Surplus / Deficit | +$152K |
| Total Assets | $264K |
| Total Liabilities | $20K |
| Net Assets | $244K |
| Operating Margin | 47.8% |
| Debt-to-Asset Ratio | 7.5% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2024, Harmonium A Classical Choral Society Inc reported a surplus of $152K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.5% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Harmonium A Classical Choral Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +146.7% | +3.8% | +139.9% |
| 2023 | -8.4% | +13.8% | -20.7% |
| 2022 | +32.9% | +116.4% | -5.7% |
| 2021 | -25.5% | -53.9% | +64.4% |
| 2020 | -22.4% | -26.5% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Harmonium A Classical Choral Society Inc with a Mission Score of 75 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: 20%
- programs: 65%
- fundraising: 15%
According to IRS 990 filings, Harmonium A Classical Choral Society Inc allocates its expenses as follows: admin: 20%, programs: 65%, fundraising: 15%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $152K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.5%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is highly unusual for an organization of its size and activity and warrants further scrutiny.
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 Harmonium A Classical Choral Society Inc's IRS 990 filings:
- Consistent reporting of $0 for executive compensation raises a red flag regarding the accuracy or completeness of financial disclosures.
- Net assets have shown a significant decline from $147,209 in 2021 to $264,220 in 2024, despite an increase in revenue in the most recent year.
- The organization's liabilities have increased from $3,537 in 2017 to $19,864 in 2024.
Strengths
The following positive indicators were identified for Harmonium A Classical Choral Society Inc:
- Strong program spending, with a significant portion of expenses dedicated to programs.
- Consistent revenue generation over the years, with a notable increase in 2024 to $317,020.
- Maintains a positive net asset position, despite recent declines.
Frequently Asked Questions about Harmonium A Classical Choral Society Inc
Is Harmonium A Classical Choral Society Inc a legitimate charity?
Harmonium A Classical Choral Society Inc (EIN: 222304418) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $219K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Harmonium A Classical Choral Society Inc spend its money?
Harmonium A Classical Choral Society Inc directs 65% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Harmonium A Classical Choral Society Inc tax-deductible?
Harmonium A Classical Choral Society Inc is registered as a tax-exempt nonprofit (EIN: 222304418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harmonium A Classical Choral Society Inc CEO make?
Harmonium A Classical Choral Society Inc's highest-compensated officer earns $0 annually. The organization reported $219K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harmonium A Classical Choral Society Inc's spending goes to programs?
Harmonium A Classical Choral Society Inc directs 65% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Harmonium A Classical Choral Society Inc located?
Harmonium A Classical Choral Society Inc is headquartered in Morristown, New Jersey and files with the IRS under EIN 222304418.
How many years of IRS 990 filings does Harmonium A Classical Choral Society Inc have?
Harmonium A Classical Choral Society Inc 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 $219K in total revenue.
What does Harmonium A Classical Choral Society Inc do?
Harmonium A Classical Choral Society Inc is a nonprofit organization in the Unknown sector, located in Morristown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Harmonium A Classical Choral Society Inc have?
Harmonium A Classical Choral Society Inc reported total revenue of $218,763. Based on 13 IRS 990 filings on record.
What are Harmonium A Classical Choral Society Inc's total assets?
Harmonium A Classical Choral Society Inc holds total assets of $295,254 as reported in IRS 990 filings.
Where is Harmonium A Classical Choral Society Inc located?
Harmonium A Classical Choral Society Inc is based in Morristown, New Jersey.
What is Harmonium A Classical Choral Society Inc's EIN?
Harmonium A Classical Choral Society Inc's Employer Identification Number (EIN) is 222304418. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Harmonium A Classical Choral Society Inc?
Harmonium A Classical Choral Society Inc is classified under NTEE code Unknown (Unknown).
Is Harmonium A Classical Choral Society Inc a registered 501(c)(3)?
Harmonium A Classical Choral Society Inc appears in IRS records (EIN: 222304418). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Harmonium A Classical Choral Society Inc file IRS Form 990?
Yes, Harmonium A Classical Choral Society Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Harmonium A Classical Choral Society Inc's revenue in 2024?
In the 202406 filing period, Harmonium A Classical Choral Society Inc reported total revenue of $317,020, total expenses of $165,492, and net assets of $264,220.
Is Harmonium A Classical Choral Society Inc's revenue growing or declining?
Harmonium A Classical Choral Society Inc's revenue is growing. Revenue went from $128,483 (202306) to $317,020 (202406), a +146.7% change. Based on 13 filings on record.
What is Harmonium A Classical Choral Society Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Harmonium A Classical Choral Society Inc covers tax period 202406. It shows revenue of $317,020, expenses of $165,492, total assets of $264,220, and liabilities of $19,864.
How much does Harmonium A Classical Choral Society Inc spend on programs vs administration?
Based on IRS 990 analysis, Harmonium A Classical Choral Society Inc allocates approximately 65% of expenses to program services, 20% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Harmonium A Classical Choral Society Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Harmonium A Classical Choral Society Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Harmonium A Classical Choral Society Inc?
The following concerns were identified: Consistent reporting of $0 for executive compensation raises a red flag regarding the accuracy or completeness of financial disclosures.. Net assets have shown a significant decline from $147,209 in 2021 to $264,220 in 2024, despite an increase in revenue in the most recent year.. The organization's liabilities have increased from $3,537 in 2017 to $19,864 in 2024.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Harmonium A Classical Choral Society Inc's strengths?
Positive indicators for Harmonium A Classical Choral Society Inc include: Strong program spending, with a significant portion of expenses dedicated to programs.. Consistent revenue generation over the years, with a notable increase in 2024 to $317,020.. Maintains a positive net asset position, despite recent declines.. These findings are derived from AI analysis of the organization's financial filings.
How does Harmonium A Classical Choral Society Inc compensate executives?
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is highly unusual for an organization of its size and activity and warrants further scrutiny. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization manage its leadership and administrative functions, and what are the actual costs associated with these roles?
The consistent $0 executive compensation suggests that leadership roles may be entirely volunteer-based, or compensation is being reported under different categories, which could obscure the true administrative overhead. Further investigation into specific expense line items beyond the summary 990 data would be needed to understand how administrative functions are funded and managed.
What factors contributed to the significant increase in revenue in 2024 ($317,020) compared to previous years, and is this growth sustainable?
The 2024 revenue of $317,020 is a substantial increase from prior years. This could be due to successful fundraising campaigns, increased ticket sales, or new grant funding. Assessing sustainability would require understanding the specific sources of this new revenue and whether they are one-time or recurring.
Filing History
IRS 990 filing history for Harmonium A Classical Choral Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Harmonium A Classical Choral Society Inc's revenue has grown by 115.5%, moving from $147K to $317K. Total assets increased by 266.9% over the same period, from $72K to $264K. Total functional expenses rose by 20.7%, from $137K to $165K. In its most recent filing year (2024), Harmonium A Classical Choral Society Inc reported a surplus of $152K, with revenue exceeding expenses. The organization holds $20K in liabilities against $264K in assets (debt-to-asset ratio: 7.5%), resulting in net assets of $244K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $317K | $165K | $264K | $20K | — | — |
| 2023 | $128K | $159K | $110K | $17K | — | View 990 |
| 2022 | $140K | $140K | $139K | $15K | — | View 990 |
| 2021 | $106K | $65K | $147K | $23K | — | — |
| 2020 | $142K | $140K | $90K | $6K | — | View 990 |
| 2019 | $183K | $191K | $92K | $11K | — | View 990 |
| 2018 | $158K | $143K | $95K | $5K | — | — |
| 2017 | $154K | $143K | $79K | $4K | — | View 990 |
| 2016 | $139K | $149K | $68K | $3K | — | View 990 |
| 2015 | $133K | $140K | $74K | $500 | — | View 990 |
| 2014 | $128K | $126K | $81K | $0 | — | View 990 |
| 2013 | $177K | $169K | $80K | $0 | — | View 990 |
| 2012 | $147K | $137K | $72K | $200 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $317K, expenses of $165K, and assets of $264K (revenue +146.7% year-over-year).
- 2023: Revenue of $128K, expenses of $159K, and assets of $110K (revenue -8.4% year-over-year).
- 2022: Revenue of $140K, expenses of $140K, and assets of $139K (revenue +32.9% year-over-year).
- 2021: Revenue of $106K, expenses of $65K, and assets of $147K (revenue -25.5% year-over-year).
- 2020: Revenue of $142K, expenses of $140K, and assets of $90K (revenue -22.4% year-over-year).
- 2019: Revenue of $183K, expenses of $191K, and assets of $92K (revenue +15.7% year-over-year).
- 2018: Revenue of $158K, expenses of $143K, and assets of $95K (revenue +2.6% year-over-year).
- 2017: Revenue of $154K, expenses of $143K, and assets of $79K (revenue +10.3% year-over-year).
- 2016: Revenue of $139K, expenses of $149K, and assets of $68K (revenue +5.2% year-over-year).
- 2015: Revenue of $133K, expenses of $140K, and assets of $74K (revenue +3.6% year-over-year).
- 2014: Revenue of $128K, expenses of $126K, and assets of $81K (revenue -27.7% year-over-year).
- 2013: Revenue of $177K, expenses of $169K, and assets of $80K (revenue +20.3% year-over-year).
- 2012: Revenue of $147K, expenses of $137K, and assets of $72K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harmonium A Classical Choral Society Inc:
Data Sources and Methodology
This transparency report for Harmonium A Classical Choral Society Inc 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.