New York Chamber Soloists Inc
New York Chamber Soloists Inc. faces significant financial decline with shrinking revenue and assets over the past decade.
EIN: 132685345 · Randolph Center, VT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $104K |
| Program Spending | 90% |
| Net Assets | $-40,827 |
| Transparency Score | 60/100 |
Is New York Chamber Soloists Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Chamber Soloists Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Chamber Soloists Inc
New York Chamber Soloists Inc (EIN: 132685345) is a nonprofit organization based in Randolph Center, VT. The organization reported total revenue of $69K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Chamber Soloists Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Chamber Soloists Inc is a micro nonprofit that has been operating for 56 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $105K |
| Total Expenses | $104K |
| Surplus / Deficit | +$300 |
| Total Assets | $4K |
| Total Liabilities | $45K |
| Net Assets | $-40,827 |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 1085.7% |
| Months of Reserves | 0.5 months |
Financial Health Grade: B
In 2018, New York Chamber Soloists Inc reported a surplus of $300 with revenue exceeding expenses, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 1085.7% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), New York Chamber Soloists Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +44.2% | +19.4% | +44.8% |
| 2017 | -58.3% | -52.7% | -72.8% |
| 2016 | +36.5% | +24.4% | -5.6% |
| 2015 | -23.0% | -23.1% | +9.7% |
| 2014 | -19.9% | -4.6% | -80.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1970 |
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 New York Chamber Soloists Inc with a Mission Score of 60 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, New York Chamber Soloists Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $300, with revenue exceeding expenses.
- Debt-to-asset ratio: 1085.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no portion of the organization's relatively small revenue is allocated to officer salaries.
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 New York Chamber Soloists Inc's IRS 990 filings:
- Consistent decline in revenue over the past decade, from $238,708 in 2012 to $68,600 currently.
- Significant decrease in assets, from $52,289 in 2013 to $2,813 in the latest filing.
- Frequent operating deficits where expenses exceeded revenue in multiple periods (e.g., 2017, 2016, 2015, 2014, 2011).
- Liabilities sometimes significantly outweighing assets, such as $44,969 in liabilities against $4,142 in assets in 2018.
Strengths
The following positive indicators were identified for New York Chamber Soloists Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries are paid.
- Long history of IRS 990 filings (8 filings), suggesting a degree of transparency in reporting.
Frequently Asked Questions about New York Chamber Soloists Inc
Is New York Chamber Soloists Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Chamber Soloists Inc (EIN: 132685345) some concerns. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.
How does New York Chamber Soloists Inc spend its money?
New York Chamber Soloists Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Chamber Soloists Inc tax-deductible?
New York Chamber Soloists Inc is registered as a tax-exempt nonprofit (EIN: 132685345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New York Chamber Soloists Inc located?
New York Chamber Soloists Inc is headquartered in Randolph Center, Vermont and files with the IRS under EIN 132685345.
How many years of IRS 990 filings does New York Chamber Soloists Inc have?
New York Chamber Soloists Inc has 8 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 $69K in total revenue.
Is New York Chamber Soloists Inc. a good charity?
The organization demonstrates a commitment to its mission by not paying officer compensation. However, its financial stability is a concern due to declining revenue and assets, which could impact its long-term ability to deliver programs.
What is the trend in the organization's financial health?
The financial health shows a clear downward trend, with revenue decreasing from $238,708 in 2012 to $68,600 in the latest period, and assets falling from $52,289 in 2013 to $2,813.
How does the organization manage its liabilities?
Liabilities have fluctuated significantly, reaching a high of $44,969 in 2018, which at times has been substantially higher than its assets, indicating potential financial strain.
Filing History
IRS 990 filing history for New York Chamber Soloists Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), New York Chamber Soloists Inc's revenue has declined by 21.7%, moving from $134K to $105K. Total assets decreased by 81.4% over the same period, from $22K to $4K. Total functional expenses fell by 26.8%, from $143K to $104K. In its most recent filing year (2018), New York Chamber Soloists Inc reported a surplus of $300, with revenue exceeding expenses. The organization holds $45K in liabilities against $4K in assets (debt-to-asset ratio: 1085.7%), resulting in net assets of $-40,827.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $105K | $104K | $4K | $45K | — | View 990 |
| 2017 | $73K | $87K | $3K | $44K | — | View 990 |
| 2016 | $174K | $185K | $11K | $37K | — | View 990 |
| 2015 | $128K | $149K | $11K | $27K | — | View 990 |
| 2014 | $166K | $193K | $10K | $5K | — | View 990 |
| 2013 | $207K | $202K | $52K | $19K | — | View 990 |
| 2012 | $239K | $230K | $35K | $7K | — | View 990 |
| 2011 | $134K | $143K | $22K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $105K, expenses of $104K, and assets of $4K (revenue +44.2% year-over-year).
- 2017: Revenue of $73K, expenses of $87K, and assets of $3K (revenue -58.3% year-over-year).
- 2016: Revenue of $174K, expenses of $185K, and assets of $11K (revenue +36.5% year-over-year).
- 2015: Revenue of $128K, expenses of $149K, and assets of $11K (revenue -23.0% year-over-year).
- 2014: Revenue of $166K, expenses of $193K, and assets of $10K (revenue -19.9% year-over-year).
- 2013: Revenue of $207K, expenses of $202K, and assets of $52K (revenue -13.4% year-over-year).
- 2012: Revenue of $239K, expenses of $230K, and assets of $35K (revenue +78.5% year-over-year).
- 2011: Revenue of $134K, expenses of $143K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Chamber Soloists Inc:
Data Sources and Methodology
This transparency report for New York Chamber Soloists 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.