Is Tamworth Music Festival Inc Legit? —…

Spending Breakdown

How Tamworth Music Festival Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Tamworth Music Festival Inc

Is Tamworth Music Festival Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Tamworth Music Festival Inc (EIN: 20464351) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Tamworth Music Festival Inc a good charity to donate to?

Tamworth Music Festival Inc has a Mission Score of 85/100. Revenue: $463K. Assets: $232K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Tamworth Music Festival Inc?

The Employer Identification Number (EIN) for Tamworth Music Festival Inc is 20464351. 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 Tamworth Music Festival Inc spend its money?

Tamworth Music Festival Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Tamworth Music Festival Inc's tax-exempt status?

You can verify Tamworth Music Festival Inc's tax-exempt status using EIN 20464351 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

Tamworth Music Festival Inc. demonstrates a generally stable financial history, with revenues and expenses fluctuating but showing consistent operational activity. In the most recent filing (202312), the organization reported revenues of $395,415 against expenses of $418,805, indicating a slight operational deficit for that period. This follows a similar trend in 202212 where expenses ($457,676) exceeded revenues ($372,830). However, the organization has also experienced periods of surplus, such as in 202112 and 202012, which have contributed to its asset growth from $22,859 in 2014 to $216,640 in 2023.

The organization's financial health appears moderate. While it has experienced deficits in recent years, its assets have grown significantly over the past decade, suggesting a build-up of reserves. The liabilities in 202312 were $490, which is very low relative to its assets, indicating a strong balance sheet in terms of debt. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership or that compensation is not reported in this category, which enhances its transparency regarding executive pay.

Spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational activity and asset growth, coupled with minimal liabilities and no reported officer compensation, suggest a fiscally responsible approach to managing its resources, primarily focused on its mission as a music festival.

Is Tamworth Music Festival Inc Legit?

Verdict: Tamworth Music Festival Inc appears trustworthy

Red Flags

Strengths