Mount Desert Festival Of Chamber Music Inc
Mount Desert Festival Of Chamber Music Inc shows strong asset growth and zero executive compensation, with fluctuating but generally positive revenues.
EIN: 10357910 · Mount Desert, ME · NTEE: A680 · Updated: 2026-03-28
Is Mount Desert Festival Of Chamber Music Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Desert Festival Of Chamber Music Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Desert Festival Of Chamber Music Inc
Mount Desert Festival Of Chamber Music Inc (EIN: 10357910) is a nonprofit organization based in Mount Desert, ME, classified under NTEE code A680. The organization reported total revenue of $220K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Desert Festival Of Chamber Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mount Desert Festival Of Chamber Music Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Mount Desert Festival Of Chamber Music Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries, which is highly commendable for a nonprofit of this size and suggests a volunteer-led operational model.
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 Mount Desert Festival Of Chamber Music Inc:
- Consistent asset growth, reaching over $1.1 million in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
- Very low liabilities, with only $261 reported in 2023, demonstrating sound financial management.
- Strong program focus, implied by the lack of executive compensation and the nature of the organization.
- Significant revenue generation in peak years, such as $325,266 in 2023, showing donor support.
Frequently Asked Questions about Mount Desert Festival Of Chamber Music Inc
Is Mount Desert Festival Of Chamber Music Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Desert Festival Of Chamber Music Inc (EIN: 10357910) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Mount Desert Festival Of Chamber Music Inc spend its money?
Mount Desert Festival Of Chamber Music Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Desert Festival Of Chamber Music Inc tax-deductible?
Mount Desert Festival Of Chamber Music Inc is registered as a tax-exempt nonprofit (EIN: 10357910). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mount Desert Festival Of Chamber Music Inc a good charity?
Based on the available IRS 990 data, Mount Desert Festival Of Chamber Music Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, very low liabilities, and a commitment to its mission by not paying executive compensation.
How does the organization manage its assets?
The organization has shown consistent asset growth, from $645,642 in 2014 to $1,113,020 in 2023, indicating effective asset management and potentially a healthy endowment or reserve fund.
What is the trend in the organization's revenue?
Revenue has fluctuated, with a low of $44,651 in 2022 and a high of $325,266 in 2023. Despite these fluctuations, the overall trend shows the organization is capable of generating significant income to support its operations.
Filing History
IRS 990 filing history for Mount Desert Festival Of Chamber Music Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Mount Desert Festival Of Chamber Music Inc's revenue has grown by 87%, moving from $174K to $325K. Total assets increased by 68.7% over the same period, from $660K to $1.1M. Total functional expenses rose by 46.4%, from $100K to $146K. In its most recent filing year (2023), Mount Desert Festival Of Chamber Music Inc reported a surplus of $179K, with revenue exceeding expenses. The organization holds $261 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $325K | $146K | $1.1M | $261 | — | — |
| 2022 | $45K | $168K | $934K | $308 | — | View 990 |
| 2021 | $269K | $145K | $1.1M | $294 | — | View 990 |
| 2020 | $126K | $58K | $934K | $386 | — | — |
| 2019 | $185K | $134K | $866K | $496 | — | View 990 |
| 2019 | $136K | $128K | $815K | $815 | — | View 990 |
| 2018 | $141K | $128K | $806K | $520 | — | View 990 |
| 2016 | $132K | $106K | $710K | $0 | — | View 990 |
| 2015 | $145K | $107K | $684K | $0 | — | View 990 |
| 2014 | $130K | $143K | $646K | $0 | — | View 990 |
| 2013 | $107K | $107K | $659K | $0 | — | View 990 |
| 2012 | $174K | $100K | $660K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $325K, expenses of $146K, and assets of $1.1M (revenue +628.5% year-over-year).
- 2022: Revenue of $45K, expenses of $168K, and assets of $934K (revenue -83.4% year-over-year).
- 2021: Revenue of $269K, expenses of $145K, and assets of $1.1M (revenue +113.6% year-over-year).
- 2020: Revenue of $126K, expenses of $58K, and assets of $934K (revenue -32.0% year-over-year).
- 2019: Revenue of $185K, expenses of $134K, and assets of $866K (revenue +35.8% year-over-year).
- 2019: Revenue of $136K, expenses of $128K, and assets of $815K (revenue -2.9% year-over-year).
- 2018: Revenue of $141K, expenses of $128K, and assets of $806K (revenue +6.7% year-over-year).
- 2016: Revenue of $132K, expenses of $106K, and assets of $710K (revenue -9.4% year-over-year).
- 2015: Revenue of $145K, expenses of $107K, and assets of $684K (revenue +11.8% year-over-year).
- 2014: Revenue of $130K, expenses of $143K, and assets of $646K (revenue +22.0% year-over-year).
- 2013: Revenue of $107K, expenses of $107K, and assets of $659K (revenue -38.7% year-over-year).
- 2012: Revenue of $174K, expenses of $100K, and assets of $660K.
Data Sources and Methodology
This transparency report for Mount Desert Festival Of Chamber Music 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.