Omaha Chamber Music Society
EIN: 470838822 · Omaha, NE · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $220K |
| Total Expenses | $107K |
| Net Assets | $38K |
Is Omaha Chamber Music Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Omaha Chamber Music Society
Omaha Chamber Music Society (EIN: 470838822) is a nonprofit organization based in Omaha, NE, classified under NTEE code A68. The organization reported total revenue of $220K and total assets of $122K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Omaha Chamber Music Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Omaha Chamber Music Society is a small nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $107K |
| Surplus / Deficit | $-12,869 |
| Total Assets | $38K |
| Net Assets | $38K |
| Operating Margin | -13.6% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Omaha Chamber Music Society reported a deficit of $13K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2012–2023), Omaha Chamber Music Society's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.9% | +21.1% | -25.5% |
| 2022 | +66.3% | +27.7% | +42.4% |
| 2021 | -25.5% | -14.6% | -16.7% |
| 2020 | -16.9% | -24.6% | +5.8% |
| 2019 | +25.0% | -5.1% | -15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Omaha Chamber Music Society 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 Omaha Chamber Music Society 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 deficit of $13K, with expenses exceeding revenue.
Frequently Asked Questions about Omaha Chamber Music Society
Is Omaha Chamber Music Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Omaha Chamber Music Society (EIN: 470838822) insufficient data. 0 red flags identified, 0 strengths noted.
How does Omaha Chamber Music Society spend its money?
Detailed spending breakdown data is not yet available for Omaha Chamber Music Society. Check back for updated IRS 990 analysis.
Are donations to Omaha Chamber Music Society tax-deductible?
Omaha Chamber Music Society is registered as a tax-exempt nonprofit (EIN: 470838822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Omaha Chamber Music Society located?
Omaha Chamber Music Society is headquartered in Omaha, Nebraska and files with the IRS under EIN 470838822. It is classified under NTEE code A68.
How many years of IRS 990 filings does Omaha Chamber Music Society have?
Omaha Chamber Music Society 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 $220K in total revenue.
Filing History
IRS 990 filing history for Omaha Chamber Music Society showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Omaha Chamber Music Society's revenue has grown by 147%, moving from $38K to $94K. Total assets increased by 119.8% over the same period, from $17K to $38K. Total functional expenses rose by 192.4%, from $37K to $107K. In its most recent filing year (2023), Omaha Chamber Music Society reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $107K | $38K | $0 | — | View 990 |
| 2022 | $104K | $89K | $50K | $0 | — | View 990 |
| 2021 | $62K | $69K | $35K | $0 | — | View 990 |
| 2020 | $84K | $81K | $43K | $43K | — | View 990 |
| 2019 | $101K | $108K | $40K | $0 | — | View 990 |
| 2018 | $81K | $114K | $47K | $0 | — | View 990 |
| 2017 | $72K | $60K | $81K | $0 | — | — |
| 2016 | $60K | $58K | $69K | $0 | — | View 990 |
| 2015 | $74K | $48K | $67K | $0 | — | View 990 |
| 2014 | $71K | $60K | $40K | $0 | — | View 990 |
| 2013 | $59K | $47K | $28K | $0 | — | View 990 |
| 2012 | $38K | $37K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $107K, and assets of $38K (revenue -8.9% year-over-year).
- 2022: Revenue of $104K, expenses of $89K, and assets of $50K (revenue +66.3% year-over-year).
- 2021: Revenue of $62K, expenses of $69K, and assets of $35K (revenue -25.5% year-over-year).
- 2020: Revenue of $84K, expenses of $81K, and assets of $43K (revenue -16.9% year-over-year).
- 2019: Revenue of $101K, expenses of $108K, and assets of $40K (revenue +25.0% year-over-year).
- 2018: Revenue of $81K, expenses of $114K, and assets of $47K (revenue +12.1% year-over-year).
- 2017: Revenue of $72K, expenses of $60K, and assets of $81K (revenue +19.0% year-over-year).
- 2016: Revenue of $60K, expenses of $58K, and assets of $69K (revenue -18.8% year-over-year).
- 2015: Revenue of $74K, expenses of $48K, and assets of $67K (revenue +4.7% year-over-year).
- 2014: Revenue of $71K, expenses of $60K, and assets of $40K (revenue +21.4% year-over-year).
- 2013: Revenue of $59K, expenses of $47K, and assets of $28K (revenue +53.0% year-over-year).
- 2012: Revenue of $38K, expenses of $37K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Omaha Chamber Music Society:
Data Sources and Methodology
This transparency report for Omaha Chamber Music Society 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.