Rhode Island Childrens Chorus Inc
Rhode Island Childrens Chorus Inc shows consistent growth and no officer compensation over a decade.
EIN: 204168088 · Lincoln, RI · NTEE: A6B · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $216K |
| Total Expenses | $195K |
| Program Spending | 90% |
| Net Assets | $337K |
| Transparency Score | 92/100 |
Is Rhode Island Childrens Chorus Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rhode Island Childrens Chorus Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rhode Island Childrens Chorus Inc
Rhode Island Childrens Chorus Inc (EIN: 204168088) is a nonprofit organization based in Lincoln, RI, classified under NTEE code A6B. The organization reported total revenue of $216K and total assets of $342K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rhode Island Childrens Chorus Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rhode Island Childrens Chorus Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $195K |
| Surplus / Deficit | +$29K |
| Total Assets | $337K |
| Total Liabilities | $141 |
| Net Assets | $337K |
| Operating Margin | 13.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 20.7 months |
Financial Health Grade: A
In 2024, Rhode Island Childrens Chorus Inc reported a surplus of $29K with revenue exceeding expenses, holds 20.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Rhode Island Childrens Chorus Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.2% | +11.8% | +8.6% |
| 2023 | +22.6% | +45.7% | +6.2% |
| 2022 | +57.9% | +33.6% | +16.7% |
| 2021 | -33.5% | -31.6% | +5.3% |
| 2020 | -13.3% | -24.2% | +9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Rhode Island Childrens Chorus 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, Rhode Island Childrens Chorus 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size.
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 Rhode Island Childrens Chorus Inc:
- Consistent revenue growth from $148,604 (2015) to $224,271 (2024).
- Healthy asset accumulation, growing from $160,531 (2015) to $337,381 (2024).
- Zero reported officer compensation across all 14 filings, indicating high efficiency.
- Very low or zero liabilities, demonstrating sound financial management.
- Expenses consistently below revenue, allowing for financial reserves and growth.
Frequently Asked Questions about Rhode Island Childrens Chorus Inc
Is Rhode Island Childrens Chorus Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rhode Island Childrens Chorus Inc (EIN: 204168088) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Rhode Island Childrens Chorus Inc spend its money?
Rhode Island Childrens Chorus Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rhode Island Childrens Chorus Inc tax-deductible?
Rhode Island Childrens Chorus Inc is registered as a tax-exempt nonprofit (EIN: 204168088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rhode Island Childrens Chorus Inc's spending goes to programs?
Rhode Island Childrens Chorus Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rhode Island Childrens Chorus Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Rhode Island Childrens Chorus Inc is above average for NTEE category A6B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rhode Island Childrens Chorus Inc located?
Rhode Island Childrens Chorus Inc is headquartered in Lincoln, Rhode Island and files with the IRS under EIN 204168088. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Rhode Island Childrens Chorus Inc have?
Rhode Island Childrens Chorus Inc 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 $216K in total revenue.
Is Rhode Island Childrens Chorus Inc a good charity?
Based on its financial data, the Rhode Island Childrens Chorus Inc appears to be a very good charity. It demonstrates consistent revenue growth, healthy asset accumulation, and remarkably efficient spending with no reported officer compensation, suggesting a strong focus on its programs.
How has the organization's revenue changed over time?
The organization's revenue has shown a strong upward trend, increasing from $148,604 in 2015 to $224,271 in 2024, indicating growing support and financial capacity.
What is the organization's financial stability?
The organization exhibits strong financial stability, with assets consistently growing from $160,531 in 2015 to $337,381 in 2024, and liabilities remaining very low or zero, indicating minimal debt and a healthy reserve.
Does the organization spend efficiently?
Yes, the organization appears to spend very efficiently. With no reported officer compensation in any filing, a significant portion of its expenses likely goes directly to program delivery and essential administrative functions, maximizing impact per dollar.
Filing History
IRS 990 filing history for Rhode Island Childrens Chorus Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Rhode Island Childrens Chorus Inc's revenue has grown by 208%, moving from $73K to $224K. Total assets increased by 835.4% over the same period, from $36K to $337K. Total functional expenses rose by 253.9%, from $55K to $195K. In its most recent filing year (2024), Rhode Island Childrens Chorus Inc reported a surplus of $29K, with revenue exceeding expenses. The organization holds $141 in liabilities against $337K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $337K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $224K | $195K | $337K | $141 | — | — |
| 2023 | $198K | $175K | $311K | $3K | — | — |
| 2022 | $162K | $120K | $293K | $0 | — | View 990 |
| 2021 | $102K | $90K | $251K | $0 | — | — |
| 2020 | $154K | $131K | $238K | $0 | — | View 990 |
| 2019 | $178K | $173K | $217K | $1K | — | View 990 |
| 2018 | $153K | $140K | $225K | $351 | — | View 990 |
| 2017 | $150K | $127K | $211K | $179 | — | View 990 |
| 2016 | $141K | $114K | $188K | $397 | — | View 990 |
| 2015 | $149K | $99K | $161K | $0 | — | View 990 |
| 2014 | $152K | $109K | $112K | $1K | — | View 990 |
| 2013 | $97K | $90K | $67K | $708 | — | View 990 |
| 2012 | $104K | $80K | $60K | $274 | — | View 990 |
| 2011 | $73K | $55K | $36K | $459 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $224K, expenses of $195K, and assets of $337K (revenue +13.2% year-over-year).
- 2023: Revenue of $198K, expenses of $175K, and assets of $311K (revenue +22.6% year-over-year).
- 2022: Revenue of $162K, expenses of $120K, and assets of $293K (revenue +57.9% year-over-year).
- 2021: Revenue of $102K, expenses of $90K, and assets of $251K (revenue -33.5% year-over-year).
- 2020: Revenue of $154K, expenses of $131K, and assets of $238K (revenue -13.3% year-over-year).
- 2019: Revenue of $178K, expenses of $173K, and assets of $217K (revenue +16.1% year-over-year).
- 2018: Revenue of $153K, expenses of $140K, and assets of $225K (revenue +1.9% year-over-year).
- 2017: Revenue of $150K, expenses of $127K, and assets of $211K (revenue +6.2% year-over-year).
- 2016: Revenue of $141K, expenses of $114K, and assets of $188K (revenue -4.9% year-over-year).
- 2015: Revenue of $149K, expenses of $99K, and assets of $161K (revenue -2.5% year-over-year).
- 2014: Revenue of $152K, expenses of $109K, and assets of $112K (revenue +56.6% year-over-year).
- 2013: Revenue of $97K, expenses of $90K, and assets of $67K (revenue -6.1% year-over-year).
- 2012: Revenue of $104K, expenses of $80K, and assets of $60K (revenue +42.4% year-over-year).
- 2011: Revenue of $73K, expenses of $55K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rhode Island Childrens Chorus Inc:
Data Sources and Methodology
This transparency report for Rhode Island Childrens Chorus 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.