Is Cormont Music Legit?

Strengths

Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
Positive net assets and low liabilities, demonstrating strong financial health and solvency (e.g., $197,922 assets and $0 liabilities in 202312).
Revenue generally exceeding expenses in most years, leading to financial surpluses (e.g., $278,913 revenue vs. $260,514 expenses in 202312).
Consistent filing of IRS 990 forms over 13 periods, indicating strong commitment to transparency and compliance.
Significant growth in assets over the decade, from $42,787 in 201412 to $197,922 in 202312.

Spending Breakdown

How Cormont Music allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Cormont Music

Is Cormont Music a legitimate charity?

Based on AI analysis of IRS 990 filings, Cormont Music (EIN: 20494634) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.

Is Cormont Music a good charity to donate to?

Cormont Music has a Mission Score of 85/100. Revenue: $279K. Assets: $196K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Cormont Music?

The Employer Identification Number (EIN) for Cormont Music is 20494634. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Cormont Music spend its money?

Cormont Music allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Cormont Music's tax-exempt status?

You can verify Cormont Music's tax-exempt status using EIN 20494634 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Cormont Music demonstrates a generally stable financial position with consistent revenue streams over the past several years. In the latest filing (202312), the organization reported revenue of $278,913 against expenses of $260,514, resulting in a surplus. This trend of revenue exceeding expenses is largely positive, with a few exceptions like 202112 where expenses ($125,486) outstripped revenue ($78,974). The organization's assets have shown growth, reaching $197,922 in 202312, with negligible liabilities, indicating good financial health and solvency.

The organization appears to be efficient in its spending, as evidenced by the consistent surpluses in most years. The absence of reported officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. This practice, if sustained, enhances the proportion of funds available for program delivery. However, without a detailed breakdown of expenses (program, administrative, fundraising) within the provided data, a precise assessment of spending efficiency is limited.

Cormont Music exhibits strong transparency regarding executive compensation, reporting 0% officer compensation across all 13 filings. This level of transparency is commendable. The consistent filing of IRS 990 forms over many years also indicates a commitment to regulatory compliance and public disclosure, further enhancing its transparency profile. The organization's financial stability, low liabilities, and consistent filing history paint a picture of a well-managed and transparent nonprofit.

Verdict: Cormont Music appears trustworthy

Red Flags