Quick charity verification for Nutley Music Boosters Associationinc (EIN: 203931464)
Verdict: Nutley Music Boosters Associationinc appears trustworthy
85/100Mission Score
$349KRevenue
$61KAssets
1Red Flags
4Strengths
Red Flags
Operating deficit in 2023 ($36,640), where expenses ($385,149) exceeded revenue ($348,509).
Strengths
Zero officer compensation across all filings, indicating high efficiency and volunteer leadership.
Consistent growth in revenue and expenses over the past decade, showing expanding operations and community engagement.
Strong program focus, with an estimated 90% of spending directed towards its mission.
Positive net assets ($11,373 in 2023), indicating financial solvency.
Spending Breakdown
How Nutley Music Boosters Associationinc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Nutley Music Boosters Associationinc
Is Nutley Music Boosters Associationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nutley Music Boosters Associationinc (EIN: 203931464) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Nutley Music Boosters Associationinc a good charity to donate to?
Nutley Music Boosters Associationinc has a Mission Score of 85/100. Revenue: $349K. Assets: $61K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nutley Music Boosters Associationinc?
The Employer Identification Number (EIN) for Nutley Music Boosters Associationinc is 203931464. 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 Nutley Music Boosters Associationinc spend its money?
Nutley Music Boosters Associationinc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nutley Music Boosters Associationinc's tax-exempt status?
You can verify Nutley Music Boosters Associationinc's tax-exempt status using EIN 203931464 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 Nutley Music Boosters Associationinc demonstrates a consistent commitment to its mission of supporting music programs, as evidenced by its financial activities. Over the past several years, the organization has shown significant growth in revenue, peaking at $348,509 in 2023. While expenses in 2023 ($385,149) exceeded revenue, leading to a net deficit for the year, this is not uncommon for nonprofits that may draw on reserves or manage cash flow across periods. The organization's assets of $60,855 and liabilities of $49,482 in 2023 indicate a relatively stable, albeit lean, financial position with a positive net asset balance.
The organization's spending efficiency appears to be strong, with no reported officer compensation, suggesting that resources are primarily directed towards program delivery and operational costs. The consistent growth in revenue and expenses over the last decade, from $117,038 in revenue in 2015 to $348,509 in 2023, indicates an expanding scope of activities and community support. The lack of officer compensation also points to a high degree of volunteerism at the leadership level, which is a positive indicator for donor confidence and efficient use of funds. The organization's transparency is good, with regular IRS 990 filings available for public scrutiny.