Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer
Volunteer-led Barbershop Quartet Preservation Society maintains stable assets with no reported officer compensation.
EIN: 16019162 · Yarmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $95K |
| Total Expenses | $28K |
| Program Spending | 85% |
| Net Assets | $56K |
| Transparency Score | 85/100 |
Is Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer (EIN: 16019162) is a nonprofit organization based in Yarmouth, ME. The organization reported total revenue of $95K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer is a micro nonprofit that has been operating for 80 years, with 5 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $28K |
| Surplus / Deficit | +$4K |
| Total Assets | $59K |
| Total Liabilities | $3K |
| Net Assets | $56K |
| Operating Margin | 13.6% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 24.7 months |
Financial Health Grade: A
In 2023, Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer reported a surplus of $4K with revenue exceeding expenses, holds 24.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2023), Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.9% | -5.2% | +61.6% |
| 2019 | -17.4% | -46.8% | +6.4% |
| 2018 | -26.5% | -16.2% | -4.6% |
| 2015 | +151.5% | +238.5% | -19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1946 |
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 Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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: 5.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is entirely volunteer-led at the executive level, which is highly efficient for a nonprofit of this 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 Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer:
- No reported officer compensation across all filings, indicating a volunteer-led organization.
- Consistent asset growth, from $34,112 in 2018 to $58,663 in 2023, demonstrating financial stability.
- Positive net income in the latest filing period (Revenue $32,950 vs. Expenses $28,463).
- Low liabilities, with $3,000 in 2023 and $1,000 in 2019, indicating good financial management.
Frequently Asked Questions about Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer
Is Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer a legitimate charity?
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer (EIN: 16019162) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. Total revenue: $95K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer spend its money?
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer tax-deductible?
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer is registered as a tax-exempt nonprofit (EIN: 16019162). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer's spending goes to programs?
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer located?
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer is headquartered in Yarmouth, Maine and files with the IRS under EIN 16019162.
How many years of IRS 990 filings does Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer have?
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer has 5 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 $95K in total revenue.
Is Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer a good charity?
Based on the available data, the organization appears to be a good charity, especially given its volunteer-led structure (0% officer compensation) and consistent asset growth. Its small scale means it operates with minimal overhead.
How does the organization manage its finances given fluctuating revenues?
Despite revenue fluctuations (e.g., $60,903 in 2015 down to $32,950 in 2023), the organization has managed to grow its assets from $35,741 in 2015 to $58,663 in 2023, indicating prudent financial management and an ability to build reserves.
What is the trend in the organization's assets?
The organization's assets have generally increased over time, from $34,112 in 2018 to $58,663 in 2023, demonstrating financial health and an ability to retain resources.
Filing History
IRS 990 filing history for Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2023), Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer's revenue has grown by 36.1%, moving from $24K to $33K. Total assets increased by 32.3% over the same period, from $44K to $59K. Total functional expenses rose by 42.8%, from $20K to $28K. In its most recent filing year (2023), Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer reported a surplus of $4K, with revenue exceeding expenses. The organization holds $3K in liabilities against $59K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $56K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $28K | $59K | $3K | — | View 990 |
| 2019 | $37K | $30K | $36K | $1K | — | View 990 |
| 2018 | $45K | $57K | $34K | $6K | — | View 990 |
| 2015 | $61K | $67K | $36K | $0 | — | View 990 |
| 2011 | $24K | $20K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $28K, and assets of $59K (revenue -10.9% year-over-year).
- 2019: Revenue of $37K, expenses of $30K, and assets of $36K (revenue -17.4% year-over-year).
- 2018: Revenue of $45K, expenses of $57K, and assets of $34K (revenue -26.5% year-over-year).
- 2015: Revenue of $61K, expenses of $67K, and assets of $36K (revenue +151.5% year-over-year).
- 2011: Revenue of $24K, expenses of $20K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer:
Data Sources and Methodology
This transparency report for Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer 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.