Lark Society For Chamber Music
Lark Society For Chamber Music frequently operates at a deficit, with declining assets but no executive compensation.
EIN: 10367023 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38K |
| Total Expenses | $56K |
| Program Spending | 80% |
| Net Assets | $29K |
| Transparency Score | 75/100 |
Is Lark Society For Chamber Music Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lark Society For Chamber Music directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lark Society For Chamber Music
Lark Society For Chamber Music (EIN: 10367023) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $38K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lark Society For Chamber Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lark Society For Chamber Music is a micro nonprofit that has been operating for 46 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $56K |
| Surplus / Deficit | $-8,500 |
| Total Assets | $32K |
| Total Liabilities | $3K |
| Net Assets | $29K |
| Operating Margin | -17.8% |
| Debt-to-Asset Ratio | 9.5% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, Lark Society For Chamber Music reported a deficit of $9K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 9.5% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Lark Society For Chamber Music's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.8% | +4.9% | -21.4% |
| 2022 | +29.9% | +24.2% | -6.8% |
| 2021 | -17.2% | +5.1% | -6.3% |
| 2020 | -6.1% | -9.5% | +2.4% |
| 2019 | +29.8% | -7.4% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Lark Society For Chamber Music 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lark Society For Chamber Music allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers and allocates all its funds directly to its mission and operational costs, which is highly commendable for an organization 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 Lark Society For Chamber Music's IRS 990 filings:
- Frequent operating deficits (7 out of 10 periods)
- Declining asset base (from $52,693 in 2017 to $32,069 in 2023)
Strengths
The following positive indicators were identified for Lark Society For Chamber Music:
- Consistent 0% officer compensation, indicating volunteer leadership
- Low liabilities, showing responsible debt management
- Long history of IRS 990 filings (12 filings), indicating transparency
Frequently Asked Questions about Lark Society For Chamber Music
Is Lark Society For Chamber Music a legitimate charity?
Lark Society For Chamber Music (EIN: 10367023) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $38K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Lark Society For Chamber Music spend its money?
Lark Society For Chamber Music directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lark Society For Chamber Music tax-deductible?
Lark Society For Chamber Music is registered as a tax-exempt nonprofit (EIN: 10367023). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lark Society For Chamber Music's spending goes to programs?
Lark Society For Chamber Music directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lark Society For Chamber Music located?
Lark Society For Chamber Music is headquartered in Portland, Maine and files with the IRS under EIN 10367023.
How many years of IRS 990 filings does Lark Society For Chamber Music have?
Lark Society For Chamber Music has 12 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 $38K in total revenue.
Is Lark Society For Chamber Music financially sustainable given its frequent operating deficits?
The organization has operated at a deficit in 7 of the last 10 periods, including the most recent (202306) where expenses exceeded revenue by $8,500. This trend, coupled with declining assets from $52,693 in 2017 to $32,069 in 2023, suggests potential long-term sustainability challenges if not addressed through increased revenue or reduced expenses.
How does the absence of officer compensation impact the organization?
The consistent reporting of 0% officer compensation indicates a volunteer-led structure, which allows a greater proportion of funds to be directed towards programs and operational costs rather than executive salaries. This is a significant strength for a small nonprofit.
What is the trend in the organization's assets and liabilities?
Assets have generally declined from a peak of $52,693 in 2017 to $32,069 in 2023. Liabilities have also decreased from a high of $13,212 in 2015 to $3,044 in 2023, indicating a reduction in debt but also a shrinking overall financial base.
Filing History
IRS 990 filing history for Lark Society For Chamber Music showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lark Society For Chamber Music's revenue has declined by 24.6%, moving from $63K to $48K. Total assets increased by 19% over the same period, from $27K to $32K. Total functional expenses fell by 12%, from $64K to $56K. In its most recent filing year (2023), Lark Society For Chamber Music reported a deficit of $9K, with expenses exceeding revenue. The organization holds $3K in liabilities against $32K in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $29K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $56K | $32K | $3K | — | View 990 |
| 2022 | $51K | $54K | $41K | $3K | — | View 990 |
| 2021 | $39K | $43K | $44K | $4K | — | View 990 |
| 2020 | $48K | $41K | $47K | $3K | — | View 990 |
| 2019 | $51K | $45K | $46K | $8K | — | View 990 |
| 2018 | $39K | $49K | $40K | $8K | — | View 990 |
| 2017 | $52K | $51K | $53K | $11K | — | View 990 |
| 2016 | $67K | $55K | $52K | $12K | — | View 990 |
| 2015 | $52K | $55K | $41K | $13K | — | View 990 |
| 2014 | $49K | $45K | $42K | $12K | — | View 990 |
| 2013 | $72K | $65K | $36K | $9K | — | View 990 |
| 2012 | $63K | $64K | $27K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $56K, and assets of $32K (revenue -6.8% year-over-year).
- 2022: Revenue of $51K, expenses of $54K, and assets of $41K (revenue +29.9% year-over-year).
- 2021: Revenue of $39K, expenses of $43K, and assets of $44K (revenue -17.2% year-over-year).
- 2020: Revenue of $48K, expenses of $41K, and assets of $47K (revenue -6.1% year-over-year).
- 2019: Revenue of $51K, expenses of $45K, and assets of $46K (revenue +29.8% year-over-year).
- 2018: Revenue of $39K, expenses of $49K, and assets of $40K (revenue -24.6% year-over-year).
- 2017: Revenue of $52K, expenses of $51K, and assets of $53K (revenue -23.1% year-over-year).
- 2016: Revenue of $67K, expenses of $55K, and assets of $52K (revenue +28.4% year-over-year).
- 2015: Revenue of $52K, expenses of $55K, and assets of $41K (revenue +6.0% year-over-year).
- 2014: Revenue of $49K, expenses of $45K, and assets of $42K (revenue -31.2% year-over-year).
- 2013: Revenue of $72K, expenses of $65K, and assets of $36K (revenue +13.5% year-over-year).
- 2012: Revenue of $63K, expenses of $64K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lark Society For Chamber Music:
Data Sources and Methodology
This transparency report for Lark Society For Chamber Music 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.