The Chicago Philharmonic Society
EIN: 363616076 · Chicago, IL · NTEE: A690
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $3.0M |
| Net Assets | $754K |
Is The Chicago Philharmonic Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Chicago Philharmonic Society
The Chicago Philharmonic Society (EIN: 363616076) is a nonprofit organization based in Chicago, IL, classified under NTEE code A690. The organization reported total revenue of $2.7M and total assets of $997K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Chicago Philharmonic Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Chicago Philharmonic Society is a mid-size nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-682,592 |
| Total Assets | $995K |
| Total Liabilities | $242K |
| Net Assets | $754K |
| Operating Margin | -29.0% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, The Chicago Philharmonic Society reported a deficit of $683K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), The Chicago Philharmonic Society's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.7% | +8.4% | -43.0% |
| 2022 | +220.7% | +410.6% | +28.9% |
| 2021 | -58.6% | -77.3% | +112.1% |
| 2020 | -19.0% | -9.8% | +2.6% |
| 2019 | +24.6% | +13.3% | +122.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Chicago Philharmonic Society 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 The Chicago Philharmonic Society 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 deficit of $683K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.3%.
Frequently Asked Questions about The Chicago Philharmonic Society
Is The Chicago Philharmonic Society a legitimate charity?
The Chicago Philharmonic Society (EIN: 363616076) is a registered tax-exempt nonprofit based in Illinois. It has 12 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: B.
How does The Chicago Philharmonic Society spend its money?
The Chicago Philharmonic Society reported $2.7M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Chicago Philharmonic Society tax-deductible?
The Chicago Philharmonic Society is registered as a tax-exempt nonprofit (EIN: 363616076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Chicago Philharmonic Society located?
The Chicago Philharmonic Society is headquartered in Chicago, Illinois and files with the IRS under EIN 363616076. It is classified under NTEE code A690.
How many years of IRS 990 filings does The Chicago Philharmonic Society have?
The Chicago Philharmonic Society has 12 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for The Chicago Philharmonic Society showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), The Chicago Philharmonic Society's revenue has grown by 417.8%, moving from $454K to $2.4M. Total assets increased by 6931.6% over the same period, from $14K to $995K. Total functional expenses rose by 576.2%, from $449K to $3.0M. In its most recent filing year (2023), The Chicago Philharmonic Society reported a deficit of $683K, with expenses exceeding revenue. The organization holds $242K in liabilities against $995K in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $754K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $3.0M | $995K | $242K | — | — |
| 2022 | $3.2M | $2.8M | $1.7M | $348K | — | View 990 |
| 2021 | $1.0M | $548K | $1.4M | $276K | — | — |
| 2020 | $2.4M | $2.4M | $638K | $109K | — | View 990 |
| 2019 | $3.0M | $2.7M | $622K | $94K | — | View 990 |
| 2018 | $2.4M | $2.4M | $280K | $83K | — | View 990 |
| 2017 | $2.0M | $1.9M | $231K | $77K | — | View 990 |
| 2016 | $2.0M | $1.9M | $203K | $59K | — | View 990 |
| 2015 | $1.6M | $1.5M | $182K | $127K | — | View 990 |
| 2014 | $1.6M | $1.6M | $83K | $38K | — | View 990 |
| 2013 | $1.4M | $1.4M | $98K | $63K | — | View 990 |
| 2011 | $454K | $449K | $14K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $3.0M, and assets of $995K (revenue -26.7% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.8M, and assets of $1.7M (revenue +220.7% year-over-year).
- 2021: Revenue of $1.0M, expenses of $548K, and assets of $1.4M (revenue -58.6% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.4M, and assets of $638K (revenue -19.0% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.7M, and assets of $622K (revenue +24.6% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.4M, and assets of $280K (revenue +22.9% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.9M, and assets of $231K (revenue -0.6% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $203K (revenue +26.0% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $182K (revenue -4.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $83K (revenue +12.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $98K (revenue +217.6% year-over-year).
- 2011: Revenue of $454K, expenses of $449K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Chicago Philharmonic Society:
Data Sources and Methodology
This transparency report for The Chicago Philharmonic Society 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.