Portland Chamber Music Festival
Portland Chamber Music Festival maintains stable finances with consistent asset growth and no reported officer compensation.
EIN: 10484781 · Portland, ME · NTEE: A69 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $253K |
| Total Expenses | $224K |
| Program Spending | 90% |
| Net Assets | $151K |
| Transparency Score | 92/100 |
Is Portland Chamber Music Festival Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Chamber Music Festival directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland Chamber Music Festival
Portland Chamber Music Festival (EIN: 10484781) is a nonprofit organization based in Portland, ME, classified under NTEE code A69. The organization reported total revenue of $253K and total assets of $150K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Chamber Music Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Chamber Music Festival is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $228K |
| Total Expenses | $224K |
| Surplus / Deficit | +$4K |
| Total Assets | $152K |
| Total Liabilities | $1K |
| Net Assets | $151K |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, Portland Chamber Music Festival reported a surplus of $4K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Portland Chamber Music Festival's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | -12.9% | +2.9% |
| 2022 | +39.1% | +93.2% | -17.1% |
| 2021 | +4.7% | +13.9% | +18.7% |
| 2020 | -29.1% | -32.4% | +35.7% |
| 2019 | +10.7% | -13.1% | +65.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1994 |
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 Portland Chamber Music Festival 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, Portland Chamber Music Festival 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and suggests a volunteer-led executive structure.
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 Portland Chamber Music Festival's IRS 990 filings:
- Unusually low liabilities, potentially indicating very conservative financial management or reliance on immediate cash flow.
- 0% officer compensation, while positive for efficiency, could indicate a reliance on unpaid leadership which may not be sustainable long-term for growth.
Strengths
The following positive indicators were identified for Portland Chamber Music Festival:
- Strong program spending efficiency due to 0% officer compensation.
- Consistent growth in assets, from $27,950 in 2014 to $151,545 in 2023, indicating financial health.
- Very low liabilities across all reported periods, demonstrating minimal debt.
- Consistent filing of IRS 990s over 14 periods, showing strong transparency.
- Revenues generally exceed expenses, contributing to financial stability.
Frequently Asked Questions about Portland Chamber Music Festival
Is Portland Chamber Music Festival a legitimate charity?
Portland Chamber Music Festival (EIN: 10484781) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $253K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Portland Chamber Music Festival spend its money?
Portland Chamber Music Festival directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Portland Chamber Music Festival tax-deductible?
Portland Chamber Music Festival is registered as a tax-exempt nonprofit (EIN: 10484781). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portland Chamber Music Festival's spending goes to programs?
Portland Chamber Music Festival directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Portland Chamber Music Festival compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Portland Chamber Music Festival is above average for NTEE category A69 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Portland Chamber Music Festival located?
Portland Chamber Music Festival is headquartered in Portland, Maine and files with the IRS under EIN 10484781. It is classified under NTEE code A69.
How many years of IRS 990 filings does Portland Chamber Music Festival have?
Portland Chamber Music Festival 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 $253K in total revenue.
Is the Portland Chamber Music Festival financially stable?
Yes, the festival demonstrates strong financial stability. Assets have grown consistently from $27,950 in 2014 to $151,545 in 2023, and liabilities are consistently very low, often under $2,000.
How much of the organization's funds go to executive salaries?
Based on the IRS 990 filings, the organization reports 0% officer compensation for all available periods, meaning no salaries are paid to its officers.
Does the festival spend efficiently?
Yes, the festival appears to spend very efficiently, especially given the 0% officer compensation. This suggests a high proportion of funds are directed towards program delivery and essential operations.
Has the organization's revenue been consistent?
Revenue has shown growth and consistency, fluctuating between approximately $130,000 and $228,000 annually over the past decade, with a general upward trend.
Filing History
IRS 990 filing history for Portland Chamber Music Festival showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Portland Chamber Music Festival's revenue has grown by 127.3%, moving from $100K to $228K. Total assets increased by 441.9% over the same period, from $28K to $152K. Total functional expenses rose by 115.8%, from $104K to $224K. In its most recent filing year (2023), Portland Chamber Music Festival reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1K in liabilities against $152K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $151K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $228K | $224K | $152K | $1K | — | — |
| 2022 | $226K | $257K | $147K | $658 | — | View 990 |
| 2021 | $163K | $133K | $178K | $0 | — | View 990 |
| 2020 | $155K | $117K | $150K | $2K | — | View 990 |
| 2019 | $219K | $173K | $110K | $510 | — | View 990 |
| 2018 | $198K | $199K | $67K | $3K | — | View 990 |
| 2017 | $174K | $177K | $66K | $950 | — | View 990 |
| 2016 | $168K | $147K | $68K | $6K | — | View 990 |
| 2015 | $171K | $150K | $44K | $3K | — | View 990 |
| 2014 | $130K | $137K | $28K | $8K | — | View 990 |
| 2013 | $145K | $139K | $34K | $7K | — | View 990 |
| 2012 | $133K | $125K | $26K | $5K | — | View 990 |
| 2011 | $107K | $102K | $46K | $33K | — | View 990 |
| 2010 | $100K | $104K | $28K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $228K, expenses of $224K, and assets of $152K (revenue +0.8% year-over-year).
- 2022: Revenue of $226K, expenses of $257K, and assets of $147K (revenue +39.1% year-over-year).
- 2021: Revenue of $163K, expenses of $133K, and assets of $178K (revenue +4.7% year-over-year).
- 2020: Revenue of $155K, expenses of $117K, and assets of $150K (revenue -29.1% year-over-year).
- 2019: Revenue of $219K, expenses of $173K, and assets of $110K (revenue +10.7% year-over-year).
- 2018: Revenue of $198K, expenses of $199K, and assets of $67K (revenue +13.6% year-over-year).
- 2017: Revenue of $174K, expenses of $177K, and assets of $66K (revenue +3.5% year-over-year).
- 2016: Revenue of $168K, expenses of $147K, and assets of $68K (revenue -1.6% year-over-year).
- 2015: Revenue of $171K, expenses of $150K, and assets of $44K (revenue +31.4% year-over-year).
- 2014: Revenue of $130K, expenses of $137K, and assets of $28K (revenue -9.9% year-over-year).
- 2013: Revenue of $145K, expenses of $139K, and assets of $34K (revenue +8.4% year-over-year).
- 2012: Revenue of $133K, expenses of $125K, and assets of $26K (revenue +24.6% year-over-year).
- 2011: Revenue of $107K, expenses of $102K, and assets of $46K (revenue +6.7% year-over-year).
- 2010: Revenue of $100K, expenses of $104K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Chamber Music Festival:
Data Sources and Methodology
This transparency report for Portland Chamber Music Festival 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.