Virginia Childrens Chorus
EIN: 541652996 · Norfolk, VA
| Metric | Value |
|---|---|
| Total Revenue | $185K |
| Total Expenses | $189K |
| Net Assets | $65K |
Is Virginia Childrens Chorus Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Childrens Chorus
Virginia Childrens Chorus (EIN: 541652996) is a nonprofit organization based in Norfolk, VA. The organization reported total revenue of $185K and total assets of $148K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Childrens Chorus's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Childrens Chorus is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $189K |
| Total Expenses | $189K |
| Surplus / Deficit | +$1 |
| Total Assets | $110K |
| Total Liabilities | $46K |
| Net Assets | $65K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 41.4% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2023, Virginia Childrens Chorus reported a surplus of $1 with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 41.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Virginia Childrens Chorus's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +2.3% | +1.5% |
| 2022 | +8.9% | +8.9% | +1.4% |
| 2021 | +0.5% | +0.5% | +11.0% |
| 2020 | +0.1% | +0.1% | +26.7% |
| 2019 | -5.5% | -5.5% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Childrens Chorus 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 Virginia Childrens Chorus 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 $1, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.4%.
Frequently Asked Questions about Virginia Childrens Chorus
Is Virginia Childrens Chorus a legitimate charity?
Virginia Childrens Chorus (EIN: 541652996) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $185K. No red flags identified. Financial health grade: A.
How does Virginia Childrens Chorus spend its money?
Virginia Childrens Chorus reported $185K 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 Virginia Childrens Chorus tax-deductible?
Virginia Childrens Chorus is registered as a tax-exempt nonprofit (EIN: 541652996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Childrens Chorus located?
Virginia Childrens Chorus is headquartered in Norfolk, Virginia and files with the IRS under EIN 541652996.
How many years of IRS 990 filings does Virginia Childrens Chorus have?
Virginia Childrens Chorus 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 $185K in total revenue.
Filing History
IRS 990 filing history for Virginia Childrens Chorus showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginia Childrens Chorus's revenue has grown by 11.1%, moving from $170K to $189K. Total assets increased by 63.3% over the same period, from $67K to $110K. Total functional expenses rose by 11.1%, from $170K to $189K. In its most recent filing year (2023), Virginia Childrens Chorus reported a surplus of $1, with revenue exceeding expenses. The organization holds $46K in liabilities against $110K in assets (debt-to-asset ratio: 41.4%), resulting in net assets of $65K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $189K | $189K | $110K | $46K | — | View 990 |
| 2022 | $185K | $185K | $109K | $52K | — | View 990 |
| 2021 | $170K | $170K | $107K | $35K | — | — |
| 2020 | $169K | $169K | $96K | $33K | — | — |
| 2019 | $168K | $168K | $76K | $23K | — | View 990 |
| 2018 | $178K | $178K | $71K | $14K | — | View 990 |
| 2017 | $185K | $185K | $69K | $13K | — | — |
| 2016 | $184K | $184K | $67K | $10K | — | View 990 |
| 2015 | $190K | $190K | $74K | $16K | — | View 990 |
| 2014 | $180K | $180K | $71K | $11K | — | View 990 |
| 2013 | $159K | $159K | $69K | $9K | — | View 990 |
| 2012 | $181K | $181K | $76K | $13K | — | View 990 |
| 2011 | $170K | $170K | $67K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $189K, expenses of $189K, and assets of $110K (revenue +2.3% year-over-year).
- 2022: Revenue of $185K, expenses of $185K, and assets of $109K (revenue +8.9% year-over-year).
- 2021: Revenue of $170K, expenses of $170K, and assets of $107K (revenue +0.5% year-over-year).
- 2020: Revenue of $169K, expenses of $169K, and assets of $96K (revenue +0.1% year-over-year).
- 2019: Revenue of $168K, expenses of $168K, and assets of $76K (revenue -5.5% year-over-year).
- 2018: Revenue of $178K, expenses of $178K, and assets of $71K (revenue -3.8% year-over-year).
- 2017: Revenue of $185K, expenses of $185K, and assets of $69K (revenue +0.6% year-over-year).
- 2016: Revenue of $184K, expenses of $184K, and assets of $67K (revenue -2.8% year-over-year).
- 2015: Revenue of $190K, expenses of $190K, and assets of $74K (revenue +5.6% year-over-year).
- 2014: Revenue of $180K, expenses of $180K, and assets of $71K (revenue +13.3% year-over-year).
- 2013: Revenue of $159K, expenses of $159K, and assets of $69K (revenue -12.6% year-over-year).
- 2012: Revenue of $181K, expenses of $181K, and assets of $76K (revenue +6.6% year-over-year).
- 2011: Revenue of $170K, expenses of $170K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Childrens Chorus:
Data Sources and Methodology
This transparency report for Virginia Childrens Chorus 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.