The Masterworks Choir Inc
EIN: 570726675 · Florence, SC
| Metric | Value |
|---|---|
| Total Revenue | $502K |
| Total Expenses | $205K |
| Net Assets | $42K |
Is The Masterworks 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 The Masterworks Choir Inc
The Masterworks Choir Inc (EIN: 570726675) is a nonprofit organization based in Florence, SC. The organization reported total revenue of $502K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Masterworks Choir Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Masterworks Choir Inc is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $205K |
| Surplus / Deficit | +$29K |
| Total Assets | $42K |
| Net Assets | $42K |
| Operating Margin | 12.6% |
| Months of Reserves | 2.5 months |
Financial Health Grade: A
In 2024, The Masterworks Choir Inc reported a surplus of $29K with revenue exceeding expenses, holds 2.5 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2012–2024), The Masterworks Choir Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -19.6% | -44.5% | +229.2% |
| 2023 | +61.8% | +103.4% | -85.8% |
| 2022 | +273.3% | +489.2% | -1.4% |
| 2021 | -57.6% | -43.5% | +23.5% |
| 2020 | -4.1% | -70.0% | +395.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Masterworks 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 The Masterworks 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 $29K, with revenue exceeding expenses.
Frequently Asked Questions about The Masterworks Choir Inc
Is The Masterworks Choir Inc a legitimate charity?
The Masterworks Choir Inc (EIN: 570726675) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $502K. No red flags identified. Financial health grade: A.
How does The Masterworks Choir Inc spend its money?
The Masterworks Choir Inc reported $502K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Masterworks Choir Inc tax-deductible?
The Masterworks Choir Inc is registered as a tax-exempt nonprofit (EIN: 570726675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Masterworks Choir Inc located?
The Masterworks Choir Inc is headquartered in Florence, South Carolina and files with the IRS under EIN 570726675.
How many years of IRS 990 filings does The Masterworks Choir Inc have?
The Masterworks Choir Inc has 13 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 $502K in total revenue.
Filing History
IRS 990 filing history for The Masterworks Choir Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), The Masterworks Choir Inc's revenue has grown by 762.4%, moving from $27K to $234K. Total assets decreased by 15.6% over the same period, from $50K to $42K. Total functional expenses rose by 426.2%, from $39K to $205K. In its most recent filing year (2024), The Masterworks Choir Inc reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $234K | $205K | $42K | $0 | — | — |
| 2023 | $291K | $368K | $13K | $0 | — | View 990 |
| 2022 | $180K | $181K | $90K | $0 | — | View 990 |
| 2021 | $48K | $31K | $92K | $0 | — | View 990 |
| 2020 | $114K | $54K | $74K | $0 | — | View 990 |
| 2019 | $119K | $181K | $15K | $0 | — | View 990 |
| 2018 | $119K | $100K | $78K | $0 | — | — |
| 2017 | $95K | $66K | $59K | $0 | — | View 990 |
| 2016 | $108K | $130K | $31K | $0 | — | View 990 |
| 2015 | $83K | $63K | $47K | $0 | — | View 990 |
| 2014 | $157K | $170K | $27K | $0 | — | View 990 |
| 2013 | $33K | $43K | $40K | $0 | — | View 990 |
| 2012 | $27K | $39K | $50K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $234K, expenses of $205K, and assets of $42K (revenue -19.6% year-over-year).
- 2023: Revenue of $291K, expenses of $368K, and assets of $13K (revenue +61.8% year-over-year).
- 2022: Revenue of $180K, expenses of $181K, and assets of $90K (revenue +273.3% year-over-year).
- 2021: Revenue of $48K, expenses of $31K, and assets of $92K (revenue -57.6% year-over-year).
- 2020: Revenue of $114K, expenses of $54K, and assets of $74K (revenue -4.1% year-over-year).
- 2019: Revenue of $119K, expenses of $181K, and assets of $15K (revenue -0.7% year-over-year).
- 2018: Revenue of $119K, expenses of $100K, and assets of $78K (revenue +26.1% year-over-year).
- 2017: Revenue of $95K, expenses of $66K, and assets of $59K (revenue -12.2% year-over-year).
- 2016: Revenue of $108K, expenses of $130K, and assets of $31K (revenue +30.0% year-over-year).
- 2015: Revenue of $83K, expenses of $63K, and assets of $47K (revenue -47.1% year-over-year).
- 2014: Revenue of $157K, expenses of $170K, and assets of $27K (revenue +376.1% year-over-year).
- 2013: Revenue of $33K, expenses of $43K, and assets of $40K (revenue +21.5% year-over-year).
- 2012: Revenue of $27K, expenses of $39K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Masterworks Choir Inc:
Data Sources and Methodology
This transparency report for The Masterworks 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.