Brooklyn Chamber Music Society Ltd C/o Carmit Zori

Nonprofit profile at a glance

EIN
651169126
IRS 990-EZ coverage
2014–2023
Forms available
Form 990-EZ 2023
Location
Brooklyn, NY, USA
Phone
7189749491
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Symphony Orchestras

Reported finances

Revenue
$73,002
Expenses
$72,590
Assets
$22,976
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • CARMIT ZORI (PRESIDENT)
  • PATRICIA B PARK (VICE-PRESIDENT)

People named in this filing

  • CARMIT ZORI (PRESIDENT)
  • PATRICIA B PARK (VICE-PRESIDENT)
  • ROBERT RINEHART (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Organization is dedicated to the creation, performance andpromotion of chamber music in the borough of brooklyn. Itsmission is to provide audiences with the opportunity toexperience the highest level of performance in their owncommunity.

What it reported doing in 2023

Organization of classical chamber music concerts foraudiences of different ages in the borough of brooklyn.

Operating model

Revenue model
Donor-supported. 72% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 38
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.5%; rating input score 94
  • Program expense ratio: 93.9%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 0.6%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 14.5%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 1% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: -3.1% per year; rating input score 0; 42nd percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 29th percentile among comparable filings

Details

  • Where the money goes: 93.5% of revenue deployed · 93.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $68K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2014 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.