Philadelphia Chamber Music Society
Philadelphia Chamber Music Society: Strong Financials, Consistent Programming
EIN: 222736249 · Philadelphia, PA · NTEE: A610 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.9M |
| Program Spending | 76% |
| CEO/Top Officer Pay | $100,000, |
| Net Assets | $10.7M |
| Transparency Score | 85/100 |
Is Philadelphia Chamber Music Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Philadelphia Chamber Music Society directs 76% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Philadelphia Chamber Music Society
Philadelphia Chamber Music Society (EIN: 222736249) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code A610. The organization reported total revenue of $2.5M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philadelphia Chamber Music Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philadelphia Chamber Music Society is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$591K |
| Total Assets | $11.1M |
| Total Liabilities | $373K |
| Net Assets | $10.7M |
| Operating Margin | 23.7% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 69.9 months |
Financial Health Grade: A
In 2023, Philadelphia Chamber Music Society reported a surplus of $591K with revenue exceeding expenses, holds 69.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Philadelphia Chamber Music Society's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.7% | +7.2% | +10.6% |
| 2022 | -4.3% | +31.6% | -5.1% |
| 2021 | +45.1% | -21.6% | +30.7% |
| 2020 | -8.6% | +6.0% | +1.0% |
| 2019 | -17.7% | +4.2% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Philadelphia Chamber Music Society with a Mission Score of 85 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: 14%
- programs: 76%
- fundraising: 10%
According to IRS 990 filings, Philadelphia Chamber Music Society allocates its expenses as follows: admin: 14%, programs: 76%, fundraising: 10%. With 76% 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 surplus of $591K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue. For example, in 2023, key employee compensation was not individually itemized as exceeding $100,000, suggesting a conservative approach to executive pay relative to the $2,490,091 in revenue.
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 Philadelphia Chamber Music Society:
- Consistent revenue generation, averaging over $2 million annually.
- Strong asset growth, from $6.1 million in 2016 to $11.0 million in 2023.
- Low liability-to-asset ratio, indicating financial stability.
- Consistent program spending, demonstrating commitment to mission.
Frequently Asked Questions about Philadelphia Chamber Music Society
Is Philadelphia Chamber Music Society a legitimate charity?
Philadelphia Chamber Music Society (EIN: 222736249) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Philadelphia Chamber Music Society spend its money?
Philadelphia Chamber Music Society directs 76% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Philadelphia Chamber Music Society tax-deductible?
Philadelphia Chamber Music Society is registered as a tax-exempt nonprofit (EIN: 222736249). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Philadelphia Chamber Music Society CEO make?
Philadelphia Chamber Music Society's highest-compensated officer earns $100,000, annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Philadelphia Chamber Music Society's spending goes to programs?
Philadelphia Chamber Music Society directs 76% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Philadelphia Chamber Music Society compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Philadelphia Chamber Music Society is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Philadelphia Chamber Music Society located?
Philadelphia Chamber Music Society is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222736249. It is classified under NTEE code A610.
How many years of IRS 990 filings does Philadelphia Chamber Music Society have?
Philadelphia Chamber Music Society has 13 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 $2.5M in total revenue.
What does Philadelphia Chamber Music Society do?
Philadelphia Chamber Music Society is a nonprofit organization in the Arts, Culture & Humanities sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code A610.
How much revenue does Philadelphia Chamber Music Society have?
Philadelphia Chamber Music Society reported total revenue of $2,522,721. Based on 13 IRS 990 filings on record.
What are Philadelphia Chamber Music Society's total assets?
Philadelphia Chamber Music Society holds total assets of $13,350,094 as reported in IRS 990 filings.
Where is Philadelphia Chamber Music Society located?
Philadelphia Chamber Music Society is based in Philadelphia, Pennsylvania.
What is Philadelphia Chamber Music Society's EIN?
Philadelphia Chamber Music Society's Employer Identification Number (EIN) is 222736249. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Philadelphia Chamber Music Society?
Philadelphia Chamber Music Society is classified under NTEE code A610 (Arts, Culture & Humanities).
Is Philadelphia Chamber Music Society a registered 501(c)(3)?
Yes, Philadelphia Chamber Music Society is recognized as a tax-exempt organization by the IRS. EIN: 222736249.
Does Philadelphia Chamber Music Society file IRS Form 990?
Yes, Philadelphia Chamber Music Society has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Philadelphia Chamber Music Society's revenue in 2023?
In the 202309 filing period, Philadelphia Chamber Music Society reported total revenue of $2,490,091, total expenses of $1,899,073, and net assets of $11,060,676.
Is Philadelphia Chamber Music Society's revenue growing or declining?
Philadelphia Chamber Music Society's revenue is relatively stable. Revenue went from $2,586,883 (202209) to $2,490,091 (202309), a -3.7% change. Based on 13 filings on record.
What is Philadelphia Chamber Music Society's most recent 990 filing?
The most recent IRS Form 990 filing for Philadelphia Chamber Music Society covers tax period 202309. It shows revenue of $2,490,091, expenses of $1,899,073, total assets of $11,060,676, and liabilities of $372,968.
How much does Philadelphia Chamber Music Society spend on programs vs administration?
Based on IRS 990 analysis, Philadelphia Chamber Music Society allocates approximately 76% of expenses to program services, 14% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Philadelphia Chamber Music Society a trustworthy charity?
Based on AI analysis of IRS 990 data, Philadelphia Chamber Music Society appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Philadelphia Chamber Music Society's strengths?
Positive indicators for Philadelphia Chamber Music Society include: Consistent revenue generation, averaging over $2 million annually.. Strong asset growth, from $6.1 million in 2016 to $11.0 million in 2023.. Low liability-to-asset ratio, indicating financial stability.. Consistent program spending, demonstrating commitment to mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Philadelphia Chamber Music Society compensate executives?
Executive compensation appears reasonable given the organization's size and revenue. For example, in 2023, key employee compensation was not individually itemized as exceeding $100,000, suggesting a conservative approach to executive pay relative to the $2,490,091 in revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Philadelphia Chamber Music Society?
- The organization consistently reports 0% lobbying costs across all available filings. - Detailed program service accomplishments are provided in Form 990, Part III. - Financial statements are audited and available, showing consistent growth in assets. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has the organization managed to grow its assets significantly while maintaining relatively stable revenue?
The organization has consistently generated positive net income (revenue exceeding expenses) in most years, allowing for the accumulation of assets. For instance, in 2021, revenue was $2,703,740 while expenses were $1,345,793, contributing significantly to asset growth.
What impact did the COVID-19 pandemic have on the organization's financial health, specifically in 2020?
In 2020, revenue decreased to $1,863,053 from $2,039,189 in 2019, and expenses remained relatively high at $1,715,841. Despite this, the organization still managed to maintain a positive net income and continued to grow its assets, demonstrating resilience during a challenging period.
Filing History
IRS 990 filing history for Philadelphia Chamber Music Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Philadelphia Chamber Music Society's revenue has grown by 66%, moving from $1.5M to $2.5M. Total assets increased by 179.6% over the same period, from $4.0M to $11.1M. Total functional expenses rose by 36.9%, from $1.4M to $1.9M. In its most recent filing year (2023), Philadelphia Chamber Music Society reported a surplus of $591K, with revenue exceeding expenses. The organization holds $373K in liabilities against $11.1M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $1.9M | $11.1M | $373K | — | View 990 |
| 2022 | $2.6M | $1.8M | $10.0M | $336K | — | — |
| 2021 | $2.7M | $1.3M | $10.5M | $403K | — | View 990 |
| 2020 | $1.9M | $1.7M | $8.1M | $207K | — | — |
| 2019 | $2.0M | $1.6M | $8.0M | $466K | — | View 990 |
| 2018 | $2.5M | $1.6M | $7.4M | $430K | — | View 990 |
| 2017 | $1.6M | $1.7M | $6.3M | $396K | — | View 990 |
| 2016 | $1.6M | $1.6M | $6.1M | $377K | — | View 990 |
| 2015 | $2.0M | $1.5M | $5.7M | $352K | — | View 990 |
| 2014 | $1.8M | $1.4M | $5.4M | $345K | — | View 990 |
| 2013 | $1.4M | $1.4M | $4.8M | $332K | — | View 990 |
| 2012 | $1.9M | $1.3M | $4.8M | $268K | — | View 990 |
| 2011 | $1.5M | $1.4M | $4.0M | $327K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $1.9M, and assets of $11.1M (revenue -3.7% year-over-year).
- 2022: Revenue of $2.6M, expenses of $1.8M, and assets of $10.0M (revenue -4.3% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.3M, and assets of $10.5M (revenue +45.1% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.7M, and assets of $8.1M (revenue -8.6% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.6M, and assets of $8.0M (revenue -17.7% year-over-year).
- 2018: Revenue of $2.5M, expenses of $1.6M, and assets of $7.4M (revenue +57.8% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $6.3M (revenue -3.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $6.1M (revenue -18.2% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.5M, and assets of $5.7M (revenue +8.7% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.4M, and assets of $5.4M (revenue +30.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $4.8M (revenue -28.5% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.3M, and assets of $4.8M (revenue +29.8% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philadelphia Chamber Music Society:
Data Sources and Methodology
This transparency report for Philadelphia 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.