New Asia Chamber Music Society Inc
Nonprofit profile at a glance
- EIN
- 822229959
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 9174426618
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $119,601
- Expenses
- $122,893
- Assets
- $40,612
- Liabilities
- $1,081
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- WEI-YANG LIN (PRESIDENT)
People named in this filing
- WEI-YANG LIN (PRESIDENT)
- SHIH TUNG HSIN (TREASURER)
- PEGGY CHIANG (SECRETARY)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bringing eastern classical music to audiences in New York city, through exceptional performance of the chamber music repertoire, drawn from the canon of western music and contemporary asian culture.
Operating model
- Revenue model
- Donor-supported. 100% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 100
- Sustainability: 32
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.5%; rating input score 100
- Program expense ratio: 96.9%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -2.8%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -3.2% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -1.9% per year; rating input score 0; 15th percentile among comparable filings
- Asset growth: 10.5% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 99.5% of revenue deployed · 96.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $119K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.