Positive net assets, with assets ($615,270 in 2023) significantly exceeding liabilities ($169,460 in 2023).
Spending Breakdown
How Do Re Mi Gospel Music Academy Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Do Re Mi Gospel Music Academy Inc
Is Do Re Mi Gospel Music Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Do Re Mi Gospel Music Academy Inc (EIN: 203933001) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Do Re Mi Gospel Music Academy Inc a good charity to donate to?
Do Re Mi Gospel Music Academy Inc has a Mission Score of 90/100. Revenue: $141K. Assets: $656K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Do Re Mi Gospel Music Academy Inc?
The Employer Identification Number (EIN) for Do Re Mi Gospel Music Academy Inc is 203933001. 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 Do Re Mi Gospel Music Academy Inc spend its money?
Do Re Mi Gospel Music Academy Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Do Re Mi Gospel Music Academy Inc's tax-exempt status?
You can verify Do Re Mi Gospel Music Academy Inc's tax-exempt status using EIN 203933001 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
Do Re Mi Gospel Music Academy Inc demonstrates consistent financial operations, with revenues generally exceeding expenses in recent years. For example, in 2023, revenue was $134,530 against expenses of $71,089, indicating a healthy surplus. The organization's assets have shown a slight decline from a peak of $789,808 in 2016 to $615,270 in 2023, while liabilities have also decreased significantly from $367,373 in 2016 to $169,460 in 2023. This reduction in liabilities is a positive indicator of financial management.
The organization's spending efficiency appears strong, as evidenced by the consistent surpluses and the fact that no officer compensation has been reported across all available filings. This suggests that resources are being directed towards the mission rather than executive salaries. While specific program spending details are not provided in the summary data, the overall financial health, marked by positive net assets and declining liabilities, points to a well-managed entity. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to transparency.