Quick charity verification for Music Maker Foundation Inc (EIN: 133782018)
Verdict: Music Maker Foundation Inc appears trustworthy
95/100Mission Score
$1.9MRevenue
$1.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth (from $638,368 in 2014 to $1,375,500 in 2023)
Strong program spending ratio (85% of expenses in 2023)
0% officer compensation reported across all filings
Healthy asset growth ($654,530 in 2014 to $1,248,065 in 2023)
Positive net income in most recent filing ($1,375,500 revenue vs. $1,250,807 expenses in 2023)
Spending Breakdown
How Music Maker Foundation 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 Maker Foundation Inc
Is Music Maker Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Music Maker Foundation Inc (EIN: 133782018) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Music Maker Foundation Inc a good charity to donate to?
Music Maker Foundation Inc has a Mission Score of 95/100. Revenue: $1.9M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Music Maker Foundation Inc?
The Employer Identification Number (EIN) for Music Maker Foundation Inc is 133782018. 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 Maker Foundation Inc spend its money?
Music Maker Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Music Maker Foundation Inc's tax-exempt status?
You can verify Music Maker Foundation Inc's tax-exempt status using EIN 133782018 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 Music Maker Foundation Inc. demonstrates consistent financial growth and strong program spending efficiency over the past decade. Revenue has steadily increased from $638,368 in 2014 to $1,375,500 in 2023, indicating growing support for its mission. The organization consistently spends a high percentage of its total expenses on program services, with the latest available data showing 85% allocated to programs, which is a strong indicator of mission focus.
Financial health appears robust, with assets growing from $654,530 in 2014 to $1,248,065 in 2023, outpacing liabilities. The organization also reports 0% officer compensation across all available filings, which is an exceptional level of transparency and commitment to directing funds towards its mission rather than executive salaries. This practice significantly enhances its financial efficiency and trustworthiness.
Overall, Music Maker Foundation Inc. exhibits excellent financial management, a clear dedication to its programmatic goals, and a high degree of transparency regarding executive compensation. Its consistent growth in revenue and assets, coupled with efficient spending, paints a picture of a well-managed and impactful nonprofit.