Roanoke Valley Childrens Choir Inc
EIN: 462748502 · Salem, VA · NTEE: A6B
Is Roanoke Valley Childrens Choir Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Roanoke Valley Childrens Choir Inc
Roanoke Valley Childrens Choir Inc (EIN: 462748502) is a nonprofit organization based in Salem, VA, classified under NTEE code A6B. The organization reported total revenue of $361K and total assets of $154K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Roanoke Valley Childrens Choir Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Roanoke Valley Childrens Choir Inc is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $361K |
| Total Expenses | $333K |
| Surplus / Deficit | +$28K |
| Total Assets | $154K |
| Total Liabilities | $13K |
| Net Assets | $141K |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2024, Roanoke Valley Childrens Choir Inc reported a surplus of $28K with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 11 years of filings (2014–2024), Roanoke Valley Childrens Choir Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.7% | +5.7% | +35.8% |
| 2023 | +14.5% | +2.0% | +18.0% |
| 2022 | +22.9% | +54.5% | -35.0% |
| 2021 | -14.9% | -30.9% | +28.2% |
| 2020 | -4.6% | +6.7% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Roanoke Valley Childrens Choir Inc 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 Roanoke Valley Childrens Choir Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.7%.
Frequently Asked Questions about Roanoke Valley Childrens Choir Inc
Is Roanoke Valley Childrens Choir Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Roanoke Valley Childrens Choir Inc (EIN: 462748502) insufficient data. 0 red flags identified, 0 strengths noted.
How does Roanoke Valley Childrens Choir Inc spend its money?
Detailed spending breakdown data is not yet available for Roanoke Valley Childrens Choir Inc. Check back for updated IRS 990 analysis.
Are donations to Roanoke Valley Childrens Choir Inc tax-deductible?
Roanoke Valley Childrens Choir Inc is registered as a tax-exempt nonprofit (EIN: 462748502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Roanoke Valley Childrens Choir Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2014–2024), Roanoke Valley Childrens Choir Inc's revenue has grown by 81.3%, moving from $199K to $361K. Total assets increased by 40.2% over the same period, from $110K to $154K. Total functional expenses rose by 91.8%, from $174K to $333K. In its most recent filing year (2024), Roanoke Valley Childrens Choir Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $13K in liabilities against $154K in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $141K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $361K | $333K | $154K | $13K | — | — |
| 2023 | $332K | $315K | $114K | $437 | — | — |
| 2022 | $290K | $309K | $96K | $84 | — | View 990 |
| 2021 | $236K | $200K | $148K | $0 | — | View 990 |
| 2020 | $277K | $289K | $115K | $0 | — | View 990 |
| 2019 | $290K | $271K | $127K | $0 | — | View 990 |
| 2018 | $297K | $307K | $108K | $0 | — | View 990 |
| 2017 | $512K | $571K | $109K | $7 | — | — |
| 2016 | $443K | $378K | $177K | $9K | — | View 990 |
| 2015 | $337K | $344K | $103K | $116 | — | View 990 |
| 2014 | $199K | $174K | $110K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $361K, expenses of $333K, and assets of $154K (revenue +8.7% year-over-year).
- 2023: Revenue of $332K, expenses of $315K, and assets of $114K (revenue +14.5% year-over-year).
- 2022: Revenue of $290K, expenses of $309K, and assets of $96K (revenue +22.9% year-over-year).
- 2021: Revenue of $236K, expenses of $200K, and assets of $148K (revenue -14.9% year-over-year).
- 2020: Revenue of $277K, expenses of $289K, and assets of $115K (revenue -4.6% year-over-year).
- 2019: Revenue of $290K, expenses of $271K, and assets of $127K (revenue -2.2% year-over-year).
- 2018: Revenue of $297K, expenses of $307K, and assets of $108K (revenue -42.0% year-over-year).
- 2017: Revenue of $512K, expenses of $571K, and assets of $109K (revenue +15.7% year-over-year).
- 2016: Revenue of $443K, expenses of $378K, and assets of $177K (revenue +31.3% year-over-year).
- 2015: Revenue of $337K, expenses of $344K, and assets of $103K (revenue +69.6% year-over-year).
- 2014: Revenue of $199K, expenses of $174K, and assets of $110K.
Data Sources and Methodology
This transparency report for Roanoke Valley Childrens Choir 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.