Philadelphia Chamber Music Society
Nonprofit profile at a glance
- EIN
- 222736249
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Philadelphia, PA, USA
- Phone
- 2155698587
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $2,759,674
- Expenses
- $2,157,596
- Assets
- $14,993,533
- Liabilities
- $429,861
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- Philip Maneval (Executive Director)
Highest reported compensation
- Miles Cohen (Artistic Director): $88,255 total reported compensation
- Philip Maneval (Executive Director): $69,893 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To engage our community in a life more beautiful through the shared experience and transformative impact of chamber music, by arranging diverse and compelling programs by exceptional artists at affordable prices, and by presenting new music and education programs.
What it reported doing in 2024
Each season, PCMS presents at least 50 concerts by leading international chamber ensembles and recitalists, artists who would otherwise not appear in this city. The concerts feature a rich diversity of works spanning five centures, including world premieres and other works by living composers. We maintain a policy of affordable ticket pricing to enable access by people of all ages and from all walks of life. As in other years live streaming was once again provided at no charge, on a pay-what-you-wish basis. Since 1986, PCMS has presented over 2,050 concerts, playing a major role in introducing under-represented musicians and enriching this city as a leading performing arts center.
Operating model
- Revenue model
- Donor-supported. 68% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 92
- Accountability: 91
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70%; rating input score 70
- Program expense ratio: 84.5%; rating input score 85
- Fundraising efficiency: $37.84 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 21.8%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 6.95; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 70% of revenue deployed · 84.5% of spending went to programs
- Governance: 20 of 20 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $1.8M in reported program spending
- Leadership: top reported pay $88K · 22 people listed
- Highest-paid contractors: 2 contractors listed · $1.2M reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.