Quick charity verification for Music Haven Inc (EIN: 10870395)
Verdict: Music Haven Inc appears trustworthy
92/100Mission Score
$1.3MRevenue
$1.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong revenue growth, increasing from $528,520 in 201706 to $1,600,473 in 202406.
Consistent asset growth, reaching $1,668,283 in 202406 from $398,909 in 201706.
No reported officer compensation across all 14 filings, indicating excellent financial stewardship.
Expenses consistently lower than revenue in recent periods, contributing to healthy net asset accumulation.
Consistent filing history demonstrating transparency and compliance.
Spending Breakdown
How Music Haven 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 Music Haven Inc
Is Music Haven Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Music Haven Inc (EIN: 10870395) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Music Haven Inc a good charity to donate to?
Music Haven Inc has a Mission Score of 92/100. Revenue: $1.3M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Music Haven Inc?
The Employer Identification Number (EIN) for Music Haven Inc is 10870395. 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 Music Haven Inc spend its money?
Music Haven Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Music Haven Inc's tax-exempt status?
You can verify Music Haven Inc's tax-exempt status using EIN 10870395 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
Music Haven Inc. demonstrates a generally healthy financial trajectory with consistent revenue growth over the past several years, culminating in a significant increase in the latest filing period (202406) to $1,600,473. The organization has also shown prudent financial management by consistently maintaining positive net assets, which have grown substantially from $398,909 in 201706 to $1,668,283 in 202406. This indicates a strong financial foundation and capacity for future operations.
Spending efficiency appears strong, with expenses in the latest period ($936,889) being considerably lower than revenue, contributing to asset growth. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice suggests a volunteer-led or very lean administrative structure at the top, which is often viewed favorably by donors.
Overall, Music Haven Inc. appears to be a financially sound and efficiently managed organization. The growth in assets and revenue, coupled with the absence of reported officer compensation, points to a well-stewarded nonprofit. The organization's consistent filing history further enhances its transparency profile.