Summit Chamber Music Series Inc
EIN: 852823526 · Morgantown, WV · NTEE: A99
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $60K |
| Net Assets | $34K |
Is Summit Chamber Music Series Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Summit Chamber Music Series Inc
Summit Chamber Music Series Inc (EIN: 852823526) is a nonprofit organization based in Morgantown, WV, classified under NTEE code A99. The organization reported total revenue of $22K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Chamber Music Series Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Chamber Music Series Inc is a micro nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 76.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $60K |
| Surplus / Deficit | +$12K |
| Total Assets | $34K |
| Total Liabilities | $1 |
| Net Assets | $34K |
| Operating Margin | 16.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, Summit Chamber Music Series Inc reported a surplus of $12K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Summit Chamber Music Series Inc's revenue has grown at a compound annual growth rate (CAGR) of 76.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.6% | +58.5% | +53.2% |
| 2022 | +107.4% | +245.9% | +83.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Summit Chamber Music Series 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 Summit Chamber Music Series 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Summit Chamber Music Series Inc
Is Summit Chamber Music Series Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit Chamber Music Series Inc (EIN: 852823526) insufficient data. 0 red flags identified, 0 strengths noted.
How does Summit Chamber Music Series Inc spend its money?
Detailed spending breakdown data is not yet available for Summit Chamber Music Series Inc. Check back for updated IRS 990 analysis.
Are donations to Summit Chamber Music Series Inc tax-deductible?
Summit Chamber Music Series Inc is registered as a tax-exempt nonprofit (EIN: 852823526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Summit Chamber Music Series Inc located?
Summit Chamber Music Series Inc is headquartered in Morgantown, West Virginia and files with the IRS under EIN 852823526. It is classified under NTEE code A99.
How many years of IRS 990 filings does Summit Chamber Music Series Inc have?
Summit Chamber Music Series Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $22K in total revenue.
Filing History
IRS 990 filing history for Summit Chamber Music Series Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Summit Chamber Music Series Inc's revenue has grown by 210.2%, moving from $23K to $71K. Total assets increased by 181.3% over the same period, from $12K to $34K. Total functional expenses rose by 448.3%, from $11K to $60K. In its most recent filing year (2023), Summit Chamber Music Series Inc reported a surplus of $12K, with revenue exceeding expenses. The organization holds $1 in liabilities against $34K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $34K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $60K | $34K | $1 | — | — |
| 2022 | $48K | $38K | $22K | $1 | — | View 990 |
| 2021 | $23K | $11K | $12K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $71K, expenses of $60K, and assets of $34K (revenue +49.6% year-over-year).
- 2022: Revenue of $48K, expenses of $38K, and assets of $22K (revenue +107.4% year-over-year).
- 2021: Revenue of $23K, expenses of $11K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Chamber Music Series Inc:
Data Sources and Methodology
This transparency report for Summit Chamber Music Series 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.