Knoxville Choral Society Inc
EIN: 620795892 · Knoxville, TN · NTEE: A6B
| Metric | Value |
|---|---|
| Total Revenue | $91K |
| Total Expenses | $85K |
| Net Assets | $44K |
Is Knoxville Choral Society Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Knoxville Choral Society Inc
Knoxville Choral Society Inc (EIN: 620795892) is a nonprofit organization based in Knoxville, TN, classified under NTEE code A6B. The organization reported total revenue of $91K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knoxville Choral Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knoxville Choral Society Inc is a micro nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $85K |
| Surplus / Deficit | +$2K |
| Total Assets | $44K |
| Net Assets | $44K |
| Operating Margin | 1.9% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2023, Knoxville Choral Society Inc reported a surplus of $2K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2023), Knoxville Choral Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.9% | +70.7% | +341.5% |
| 2022 | +43.1% | -8.4% | -91.3% |
| 2013 | -49.5% | +9.8% | -11.9% |
| 2012 | +242.1% | +33.5% | +26.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Knoxville Choral Society Inc 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 Knoxville Choral Society Inc 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 $2K, with revenue exceeding expenses.
Frequently Asked Questions about Knoxville Choral Society Inc
Is Knoxville Choral Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Knoxville Choral Society Inc (EIN: 620795892) insufficient data. 0 red flags identified, 0 strengths noted.
How does Knoxville Choral Society Inc spend its money?
Detailed spending breakdown data is not yet available for Knoxville Choral Society Inc. Check back for updated IRS 990 analysis.
Are donations to Knoxville Choral Society Inc tax-deductible?
Knoxville Choral Society Inc is registered as a tax-exempt nonprofit (EIN: 620795892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Knoxville Choral Society Inc located?
Knoxville Choral Society Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 620795892. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Knoxville Choral Society Inc have?
Knoxville Choral Society Inc has 5 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 $91K in total revenue.
Filing History
IRS 990 filing history for Knoxville Choral Society Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2023), Knoxville Choral Society Inc's revenue has grown by 285.3%, moving from $23K to $87K. Total assets decreased by 57.4% over the same period, from $104K to $44K. Total functional expenses rose by 129.1%, from $37K to $85K. In its most recent filing year (2023), Knoxville Choral Society Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $85K | $44K | $0 | — | View 990 |
| 2022 | $56K | $50K | $10K | $0 | — | — |
| 2013 | $39K | $55K | $116K | $0 | — | View 990 |
| 2012 | $77K | $50K | $132K | $0 | — | View 990 |
| 2011 | $23K | $37K | $104K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87K, expenses of $85K, and assets of $44K (revenue +55.9% year-over-year).
- 2022: Revenue of $56K, expenses of $50K, and assets of $10K (revenue +43.1% year-over-year).
- 2013: Revenue of $39K, expenses of $55K, and assets of $116K (revenue -49.5% year-over-year).
- 2012: Revenue of $77K, expenses of $50K, and assets of $132K (revenue +242.1% year-over-year).
- 2011: Revenue of $23K, expenses of $37K, and assets of $104K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knoxville Choral Society Inc:
Data Sources and Methodology
This transparency report for Knoxville 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.