Quick charity verification for Spiralis Music Tr (EIN: 116588142)
Verdict: Spiralis Music Tr shows mixed signals
45/100Mission Score
$231KRevenue
$265KAssets
4Red Flags
3Strengths
Red Flags
Consistent and significant deficit spending (e.g., 2023 revenue $32 vs. expenses $112,201)
Declining asset base over the past decade (from $692,751 in 2011 to $375,056 in 2023)
Revenue generation is consistently insufficient to cover operational expenses
Lack of clear explanation in filings for persistent revenue-expense imbalance
Strengths
No reported officer compensation, indicating a volunteer-driven or very lean administrative structure
Low liabilities across most years (e.g., $1 in 2023, 2022, 2021, 2020)
Consistent filing of IRS Form 990s, demonstrating transparency in reporting
Spending Breakdown
How Spiralis Music Tr allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Spiralis Music Tr
Is Spiralis Music Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Spiralis Music Tr (EIN: 116588142) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Spiralis Music Tr a good charity to donate to?
Spiralis Music Tr has a Mission Score of 45/100. Revenue: $231K. Assets: $265K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spiralis Music Tr?
The Employer Identification Number (EIN) for Spiralis Music Tr is 116588142. 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 Spiralis Music Tr spend its money?
Spiralis Music Tr allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spiralis Music Tr's tax-exempt status?
You can verify Spiralis Music Tr's tax-exempt status using EIN 116588142 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
Spiralis Music Tr exhibits concerning financial trends, particularly a consistent and significant deficit spending pattern over the past decade. In 2023, the organization reported revenue of only $32 against expenses of $112,201, indicating a substantial operational loss. This pattern is not isolated, as evidenced by the 2020 filing where revenue was $58,325 compared to expenses of $141,530, and similar deficits in most other years. While the organization maintains a healthy asset base relative to its liabilities (e.g., $375,056 in assets vs. $1 in liabilities in 2023), this asset base has been steadily declining from a high of $692,751 in 2011, suggesting that the organization is drawing down its reserves to cover operational shortfalls. The lack of reported officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which can be a positive for efficiency, but the overall financial sustainability is questionable given the persistent revenue-expense imbalance.
The organization's transparency appears adequate through its consistent filing of IRS Form 990s. However, the financial data itself raises questions about long-term viability and strategic financial planning. The NTEE code T20 (Performing Arts, Music) suggests a mission that typically requires significant funding, and the current revenue generation is insufficient to cover reported expenses. Without a clear explanation for the consistent deficits or a plan to increase revenue, the organization's ability to sustain its programs is at risk. The declining asset trend further underscores the need for a robust financial strategy to ensure future operations.