Worcester Chamber Music Society Inc
Worcester Chamber Music Society Inc shows consistent financial growth and zero reported officer compensation over a decade.
EIN: 208538873 · Worcester, MA · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $517K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $594,355. |
| Net Assets | $546K |
| Transparency Score | 90/100 |
Is Worcester Chamber Music Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Worcester Chamber Music Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Worcester Chamber Music Society Inc
Worcester Chamber Music Society Inc (EIN: 208538873) is a nonprofit organization based in Worcester, MA, classified under NTEE code A68. The organization reported total revenue of $1.6M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Worcester Chamber Music Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Worcester Chamber Music Society Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $594K |
| Total Expenses | $517K |
| Surplus / Deficit | +$77K |
| Total Assets | $660K |
| Total Liabilities | $114K |
| Net Assets | $546K |
| Operating Margin | 13.0% |
| Debt-to-Asset Ratio | 17.3% |
| Months of Reserves | 15.3 months |
Financial Health Grade: A
In 2023, Worcester Chamber Music Society Inc reported a surplus of $77K with revenue exceeding expenses, holds 15.3 months of operating reserves (strong position), has a debt-to-asset ratio of 17.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Worcester Chamber Music Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.1% | +17.6% | +35.0% |
| 2022 | +50.4% | +35.8% | +12.0% |
| 2021 | -4.7% | -7.9% | +42.0% |
| 2020 | +1.1% | -11.0% | +20.7% |
| 2019 | -4.3% | +15.4% | -6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
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 Worcester Chamber Music Society Inc with a Mission Score of 90 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Worcester Chamber Music Society Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either uncompensated or compensated through non-officer roles, which is highly favorable for a nonprofit of its size, with latest revenue of $594,355.
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.
Strengths
The following positive indicators were identified for Worcester Chamber Music Society Inc:
- Consistent revenue growth, increasing from $185,486 in 2014 to $594,355 in 2023.
- Zero reported officer compensation across all 13 filings, indicating efficient use of funds.
- Healthy asset growth, from $102,554 in 2014 to $660,128 in 2023, demonstrating financial stewardship.
- Consistent operational surpluses, with expenses generally lower than revenue in most periods.
- Low liabilities relative to assets, indicating strong financial health and minimal debt burden.
Frequently Asked Questions about Worcester Chamber Music Society Inc
Is Worcester Chamber Music Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Worcester Chamber Music Society Inc (EIN: 208538873) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Worcester Chamber Music Society Inc spend its money?
Worcester Chamber Music Society Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Worcester Chamber Music Society Inc tax-deductible?
Worcester Chamber Music Society Inc is registered as a tax-exempt nonprofit (EIN: 208538873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Worcester Chamber Music Society Inc CEO make?
Worcester Chamber Music Society Inc's highest-compensated officer earns $594,355. annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Worcester Chamber Music Society Inc's spending goes to programs?
Worcester Chamber Music Society Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Worcester Chamber Music Society Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Worcester Chamber Music Society Inc is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Worcester Chamber Music Society Inc located?
Worcester Chamber Music Society Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 208538873. It is classified under NTEE code A68.
How many years of IRS 990 filings does Worcester Chamber Music Society Inc have?
Worcester Chamber Music Society 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 $1.6M in total revenue.
Is Worcester Chamber Music Society Inc financially stable?
Yes, the organization demonstrates strong financial stability, with consistent revenue growth from $185,486 in 2014 to $594,355 in 2023, and assets growing from $102,554 to $660,128 over the same period, consistently maintaining a surplus.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-led executive team or compensation structured in a way that minimizes direct officer pay, which is a positive indicator for donor trust.
Has the organization grown over the last decade?
Yes, the organization has shown significant growth, with revenue more than tripling from $185,486 in 2014 to $594,355 in 2023, and assets increasing over six-fold from $102,554 to $660,128 in the same timeframe.
Filing History
IRS 990 filing history for Worcester Chamber Music Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Worcester Chamber Music Society Inc's revenue has grown by 413.2%, moving from $116K to $594K. Total assets increased by 2453.8% over the same period, from $26K to $660K. Total functional expenses rose by 333.6%, from $119K to $517K. In its most recent filing year (2023), Worcester Chamber Music Society Inc reported a surplus of $77K, with revenue exceeding expenses. The organization holds $114K in liabilities against $660K in assets (debt-to-asset ratio: 17.3%), resulting in net assets of $546K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $594K | $517K | $660K | $114K | — | View 990 |
| 2022 | $550K | $440K | $489K | $34K | — | View 990 |
| 2021 | $365K | $324K | $436K | $33K | — | View 990 |
| 2020 | $383K | $352K | $307K | $38K | — | View 990 |
| 2019 | $379K | $395K | $255K | $23K | — | View 990 |
| 2018 | $396K | $343K | $272K | $24K | — | View 990 |
| 2017 | $375K | $340K | $209K | $20K | — | View 990 |
| 2016 | $341K | $321K | $172K | $25K | — | View 990 |
| 2015 | $319K | $256K | $136K | $13K | — | View 990 |
| 2014 | $185K | $180K | $103K | $39K | — | View 990 |
| 2013 | $204K | $169K | $88K | $33K | — | View 990 |
| 2012 | $135K | $138K | $43K | $23K | — | View 990 |
| 2011 | $116K | $119K | $26K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $594K, expenses of $517K, and assets of $660K (revenue +8.1% year-over-year).
- 2022: Revenue of $550K, expenses of $440K, and assets of $489K (revenue +50.4% year-over-year).
- 2021: Revenue of $365K, expenses of $324K, and assets of $436K (revenue -4.7% year-over-year).
- 2020: Revenue of $383K, expenses of $352K, and assets of $307K (revenue +1.1% year-over-year).
- 2019: Revenue of $379K, expenses of $395K, and assets of $255K (revenue -4.3% year-over-year).
- 2018: Revenue of $396K, expenses of $343K, and assets of $272K (revenue +5.6% year-over-year).
- 2017: Revenue of $375K, expenses of $340K, and assets of $209K (revenue +9.9% year-over-year).
- 2016: Revenue of $341K, expenses of $321K, and assets of $172K (revenue +7.0% year-over-year).
- 2015: Revenue of $319K, expenses of $256K, and assets of $136K (revenue +71.9% year-over-year).
- 2014: Revenue of $185K, expenses of $180K, and assets of $103K (revenue -8.9% year-over-year).
- 2013: Revenue of $204K, expenses of $169K, and assets of $88K (revenue +51.3% year-over-year).
- 2012: Revenue of $135K, expenses of $138K, and assets of $43K (revenue +16.2% year-over-year).
- 2011: Revenue of $116K, expenses of $119K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Worcester Chamber Music Society Inc:
Data Sources and Methodology
This transparency report for Worcester Chamber Music Society 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.