The Musical Club Of Hartford Incorporated
The Musical Club of Hartford: Consistent Programming, Modest Growth
EIN: 223050662 · Bloomfield, CT · NTEE: A680 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $80K |
| Total Expenses | $68K |
| Program Spending | 80% |
| Net Assets | $643K |
| Transparency Score | 75/100 |
Is The Musical Club Of Hartford Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Musical Club Of Hartford Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Musical Club Of Hartford Incorporated
The Musical Club Of Hartford Incorporated (EIN: 223050662) is a nonprofit organization based in Bloomfield, CT, classified under NTEE code A680. The organization reported total revenue of $80K and total assets of $672K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Musical Club Of Hartford Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Musical Club Of Hartford Incorporated is a micro nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $68K |
| Surplus / Deficit | +$12K |
| Total Assets | $643K |
| Net Assets | $643K |
| Operating Margin | 15.0% |
| Months of Reserves | 113.2 months |
Financial Health Grade: A
In 2024, The Musical Club Of Hartford Incorporated reported a surplus of $12K with revenue exceeding expenses, holds 113.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), The Musical Club Of Hartford Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -34.6% | +1.6% | +20.8% |
| 2023 | +66.1% | +28.9% | -8.1% |
| 2022 | +4.0% | +11.7% | +7.2% |
| 2021 | +423.3% | -27.0% | +35.7% |
| 2020 | -83.9% | -8.8% | -13.2% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Musical Club Of Hartford Incorporated with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, The Musical Club Of Hartford Incorporated allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making a specific assessment difficult.
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.
Red Flags
The following concerns were identified during AI analysis of The Musical Club Of Hartford Incorporated's IRS 990 filings:
- Lack of detailed program reporting makes it difficult to assess direct impact.
- No specific executive compensation figures are available for review.
Strengths
The following positive indicators were identified for The Musical Club Of Hartford Incorporated:
- Consistent annual revenue generation, averaging around $70,000-$90,000.
- Healthy asset base, consistently above $400,000, indicating financial stability.
- Low liability and debt, suggesting sound financial management.
Frequently Asked Questions about The Musical Club Of Hartford Incorporated
Is The Musical Club Of Hartford Incorporated a legitimate charity?
The Musical Club Of Hartford Incorporated (EIN: 223050662) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $80K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Musical Club Of Hartford Incorporated spend its money?
The Musical Club Of Hartford Incorporated directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Musical Club Of Hartford Incorporated tax-deductible?
The Musical Club Of Hartford Incorporated is registered as a tax-exempt nonprofit (EIN: 223050662). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Musical Club Of Hartford Incorporated's spending goes to programs?
The Musical Club Of Hartford Incorporated directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Musical Club Of Hartford Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Musical Club Of Hartford Incorporated is above average for NTEE category A680 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Musical Club Of Hartford Incorporated located?
The Musical Club Of Hartford Incorporated is headquartered in Bloomfield, Connecticut and files with the IRS under EIN 223050662. It is classified under NTEE code A680.
How many years of IRS 990 filings does The Musical Club Of Hartford Incorporated have?
The Musical Club Of Hartford Incorporated 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 $80K in total revenue.
What does The Musical Club Of Hartford Incorporated do?
The Musical Club Of Hartford Incorporated is a nonprofit organization in the Arts, Culture & Humanities sector, located in Bloomfield, Connecticut. It is classified under NTEE code A680.
How much revenue does The Musical Club Of Hartford Incorporated have?
The Musical Club Of Hartford Incorporated reported total revenue of $80,072. Based on 13 IRS 990 filings on record.
What are The Musical Club Of Hartford Incorporated's total assets?
The Musical Club Of Hartford Incorporated holds total assets of $672,250 as reported in IRS 990 filings.
Where is The Musical Club Of Hartford Incorporated located?
The Musical Club Of Hartford Incorporated is based in Bloomfield, Connecticut.
What is The Musical Club Of Hartford Incorporated's EIN?
The Musical Club Of Hartford Incorporated's Employer Identification Number (EIN) is 223050662. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Musical Club Of Hartford Incorporated?
The Musical Club Of Hartford Incorporated is classified under NTEE code A680 (Arts, Culture & Humanities).
Is The Musical Club Of Hartford Incorporated a registered 501(c)(3)?
Yes, The Musical Club Of Hartford Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 223050662.
Does The Musical Club Of Hartford Incorporated file IRS Form 990?
Yes, The Musical Club Of Hartford Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202403.
What was The Musical Club Of Hartford Incorporated's revenue in 2024?
In the 202403 filing period, The Musical Club Of Hartford Incorporated reported total revenue of $80,202, total expenses of $68,134, and net assets of $642,800.
Is The Musical Club Of Hartford Incorporated's revenue growing or declining?
The Musical Club Of Hartford Incorporated's revenue is declining. Revenue went from $122,666 (202303) to $80,202 (202403), a -34.6% change. Based on 13 filings on record.
What is The Musical Club Of Hartford Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for The Musical Club Of Hartford Incorporated covers tax period 202403. It shows revenue of $80,202, expenses of $68,134, total assets of $642,800, and liabilities of N/A.
How much does The Musical Club Of Hartford Incorporated spend on programs vs administration?
Based on IRS 990 analysis, The Musical Club Of Hartford Incorporated allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Musical Club Of Hartford Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, The Musical Club Of Hartford Incorporated appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for The Musical Club Of Hartford Incorporated?
The following concerns were identified: Lack of detailed program reporting makes it difficult to assess direct impact.. No specific executive compensation figures are available for review.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Musical Club Of Hartford Incorporated's strengths?
Positive indicators for The Musical Club Of Hartford Incorporated include: Consistent annual revenue generation, averaging around $70,000-$90,000.. Healthy asset base, consistently above $400,000, indicating financial stability.. Low liability and debt, suggesting sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does The Musical Club Of Hartford Incorporated compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making a specific assessment difficult. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain its operations with relatively low annual revenue compared to its asset base?
The organization likely relies on its substantial asset base (e.g., $672,250 in 2024) to generate investment income or cover operational gaps, as annual revenues (e.g., $80,072 in 2024) are modest relative to total assets.
What is the primary source of the organization's revenue, given the fluctuations and lack of specific detail?
Without further detail, it's difficult to pinpoint the primary source. The fluctuations (e.g., $13,578 in 2020 vs. $122,666 in 2023) suggest a mix of membership dues, donations, and potentially event ticket sales, rather than a single stable large grant.
Filing History
IRS 990 filing history for The Musical Club Of Hartford Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), The Musical Club Of Hartford Incorporated's revenue has grown by 15.9%, moving from $69K to $80K. Total assets increased by 263.8% over the same period, from $177K to $643K. Total functional expenses rose by 40.4%, from $49K to $68K. In its most recent filing year (2024), The Musical Club Of Hartford Incorporated reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $80K | $68K | $643K | $0 | — | — |
| 2023 | $123K | $67K | $532K | $0 | — | View 990 |
| 2022 | $74K | $52K | $579K | $0 | — | View 990 |
| 2021 | $71K | $47K | $540K | $0 | — | — |
| 2020 | $14K | $64K | $398K | $0 | — | View 990 |
| 2019 | $84K | $70K | $458K | $0 | — | View 990 |
| 2018 | $93K | $66K | $442K | $0 | — | View 990 |
| 2017 | $70K | $69K | $420K | $0 | — | View 990 |
| 2016 | $74K | $66K | $396K | $0 | — | View 990 |
| 2015 | $69K | $63K | $408K | $0 | — | View 990 |
| 2014 | $163K | $52K | $395K | $0 | — | View 990 |
| 2013 | $154K | $62K | $272K | $0 | — | View 990 |
| 2012 | $69K | $49K | $177K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $80K, expenses of $68K, and assets of $643K (revenue -34.6% year-over-year).
- 2023: Revenue of $123K, expenses of $67K, and assets of $532K (revenue +66.1% year-over-year).
- 2022: Revenue of $74K, expenses of $52K, and assets of $579K (revenue +4.0% year-over-year).
- 2021: Revenue of $71K, expenses of $47K, and assets of $540K (revenue +423.3% year-over-year).
- 2020: Revenue of $14K, expenses of $64K, and assets of $398K (revenue -83.9% year-over-year).
- 2019: Revenue of $84K, expenses of $70K, and assets of $458K (revenue -9.0% year-over-year).
- 2018: Revenue of $93K, expenses of $66K, and assets of $442K (revenue +32.8% year-over-year).
- 2017: Revenue of $70K, expenses of $69K, and assets of $420K (revenue -5.8% year-over-year).
- 2016: Revenue of $74K, expenses of $66K, and assets of $396K (revenue +7.4% year-over-year).
- 2015: Revenue of $69K, expenses of $63K, and assets of $408K (revenue -57.7% year-over-year).
- 2014: Revenue of $163K, expenses of $52K, and assets of $395K (revenue +5.8% year-over-year).
- 2013: Revenue of $154K, expenses of $62K, and assets of $272K (revenue +122.2% year-over-year).
- 2012: Revenue of $69K, expenses of $49K, and assets of $177K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Musical Club Of Hartford Incorporated:
Data Sources and Methodology
This transparency report for The Musical Club Of Hartford Incorporated 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.