Louisville Youth Choir Inc
EIN: 616058143 · Louisville, KY
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $85K |
| Net Assets | $39K |
Is Louisville Youth Choir Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Louisville Youth Choir Inc
Louisville Youth Choir Inc (EIN: 616058143) is a nonprofit organization based in Louisville, KY. The organization reported total revenue of $116K and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louisville Youth Choir Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louisville Youth Choir Inc is a small nonprofit that has been operating for 58 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $85K |
| Surplus / Deficit | $-7,474 |
| Total Assets | $39K |
| Net Assets | $39K |
| Operating Margin | -9.6% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2024, Louisville Youth Choir Inc reported a deficit of $7K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2011–2024), Louisville Youth Choir Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -14.2% | +0.6% | -16.0% |
| 2023 | -23.2% | -15.1% | -10.9% |
| 2022 | +41.6% | +0.7% | +1.0% |
| 2021 | -47.8% | -39.3% | -27.3% |
| 2020 | -3.1% | -3.6% | +58.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Louisville Youth Choir 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 Louisville Youth Choir 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Frequently Asked Questions about Louisville Youth Choir Inc
Is Louisville Youth Choir Inc a legitimate charity?
Louisville Youth Choir Inc (EIN: 616058143) is a registered tax-exempt nonprofit based in Kentucky. It has 14 years of IRS 990 filings on record. Total revenue: $116K. No red flags identified. Financial health grade: B.
How does Louisville Youth Choir Inc spend its money?
Louisville Youth Choir Inc reported $116K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Louisville Youth Choir Inc tax-deductible?
Louisville Youth Choir Inc is registered as a tax-exempt nonprofit (EIN: 616058143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Louisville Youth Choir Inc located?
Louisville Youth Choir Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 616058143.
How many years of IRS 990 filings does Louisville Youth Choir Inc have?
Louisville Youth Choir Inc has 14 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 $116K in total revenue.
Filing History
IRS 990 filing history for Louisville Youth Choir Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Louisville Youth Choir Inc's revenue has declined by 49.3%, moving from $154K to $78K. Total assets decreased by 61.1% over the same period, from $101K to $39K. Total functional expenses fell by 43.4%, from $151K to $85K. In its most recent filing year (2024), Louisville Youth Choir Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $78K | $85K | $39K | $0 | — | — |
| 2023 | $91K | $85K | $47K | $0 | — | View 990 |
| 2022 | $118K | $100K | $52K | $12K | — | View 990 |
| 2021 | $84K | $99K | $52K | $29K | — | — |
| 2020 | $160K | $164K | $71K | $33K | — | — |
| 2019 | $165K | $170K | $45K | $3K | — | View 990 |
| 2018 | $181K | $164K | $51K | $4K | — | View 990 |
| 2017 | $155K | $148K | $47K | $18K | — | View 990 |
| 2016 | $168K | $165K | $42K | $14K | — | View 990 |
| 2015 | $141K | $154K | $43K | $17K | — | View 990 |
| 2014 | $144K | $169K | $47K | $9K | — | View 990 |
| 2013 | $186K | $187K | $67K | $4K | — | View 990 |
| 2012 | $151K | $154K | $99K | $36K | — | View 990 |
| 2011 | $154K | $151K | $101K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $78K, expenses of $85K, and assets of $39K (revenue -14.2% year-over-year).
- 2023: Revenue of $91K, expenses of $85K, and assets of $47K (revenue -23.2% year-over-year).
- 2022: Revenue of $118K, expenses of $100K, and assets of $52K (revenue +41.6% year-over-year).
- 2021: Revenue of $84K, expenses of $99K, and assets of $52K (revenue -47.8% year-over-year).
- 2020: Revenue of $160K, expenses of $164K, and assets of $71K (revenue -3.1% year-over-year).
- 2019: Revenue of $165K, expenses of $170K, and assets of $45K (revenue -8.7% year-over-year).
- 2018: Revenue of $181K, expenses of $164K, and assets of $51K (revenue +16.8% year-over-year).
- 2017: Revenue of $155K, expenses of $148K, and assets of $47K (revenue -7.8% year-over-year).
- 2016: Revenue of $168K, expenses of $165K, and assets of $42K (revenue +18.7% year-over-year).
- 2015: Revenue of $141K, expenses of $154K, and assets of $43K (revenue -1.9% year-over-year).
- 2014: Revenue of $144K, expenses of $169K, and assets of $47K (revenue -22.5% year-over-year).
- 2013: Revenue of $186K, expenses of $187K, and assets of $67K (revenue +23.3% year-over-year).
- 2012: Revenue of $151K, expenses of $154K, and assets of $99K (revenue -1.8% year-over-year).
- 2011: Revenue of $154K, expenses of $151K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louisville Youth Choir Inc:
Data Sources and Methodology
This transparency report for Louisville Youth Choir 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.