Is Greater Des Moines Music Coalition Inc Legit?

Quick charity verification for Greater Des Moines Music Coalition Inc (EIN: 202771022)

Verdict: Greater Des Moines Music Coalition Inc appears trustworthy

75/100Mission Score
$490KRevenue
$47KAssets
3Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Greater Des Moines Music Coalition Inc allocates its funds across programs, administration, and fundraising.

80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Greater Des Moines Music Coalition Inc

Is Greater Des Moines Music Coalition Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Greater Des Moines Music Coalition Inc (EIN: 202771022) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Greater Des Moines Music Coalition Inc a good charity to donate to?

Greater Des Moines Music Coalition Inc has a Mission Score of 75/100. Revenue: $490K. Assets: $47K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Greater Des Moines Music Coalition Inc?

The Employer Identification Number (EIN) for Greater Des Moines Music Coalition Inc is 202771022. 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 Greater Des Moines Music Coalition Inc spend its money?

Greater Des Moines Music Coalition Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Greater Des Moines Music Coalition Inc's tax-exempt status?

You can verify Greater Des Moines Music Coalition Inc's tax-exempt status using EIN 202771022 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

The Greater Des Moines Music Coalition Inc. exhibits fluctuating financial health, with recent years showing expenses exceeding revenue. For instance, in 2023, expenses were $1,011,521 against revenues of $897,892, and in 2022, expenses were $1,410,566 against revenues of $1,118,623. This trend of operating at a deficit in recent periods suggests potential challenges in maintaining long-term financial stability, as evidenced by a decrease in assets from $444,756 in 2021 to $88,049 in 2023. The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation towards its mission rather than executive pay. However, the significant year-over-year swings in revenue and expenses, such as revenue dropping from $1,118,623 in 2022 to $897,892 in 2023, could indicate an unpredictable funding model or event-driven revenue streams that lead to less stable financial planning. The organization's transparency is good given the consistent filing of IRS Form 990s, providing a clear historical financial record.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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