Adapt Music Inc
EIN: 825185564 · West Fargo, ND · NTEE: A68
| Metric | Value |
|---|---|
| Total Expenses | $5K |
| Net Assets | $20K |
Is Adapt Music Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Adapt Music Inc
Adapt Music Inc (EIN: 825185564) is a nonprofit organization based in West Fargo, ND, classified under NTEE code A68. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adapt Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adapt Music Inc is a micro nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2018–2022). Revenue has grown at a compound annual rate of 56.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $5K |
| Surplus / Deficit | +$5K |
| Total Assets | $20K |
| Net Assets | $20K |
| Operating Margin | 50.3% |
| Months of Reserves | 51.2 months |
Financial Health Grade: A
In 2022, Adapt Music Inc reported a surplus of $5K with revenue exceeding expenses, holds 51.2 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2018–2022), Adapt Music Inc's revenue has grown at a compound annual growth rate (CAGR) of 56.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +18.9% | +81.1% | +31.1% |
| 2021 | -26.4% | -50.8% | +54.0% |
| 2020 | +113.9% | +218.6% | +126.1% |
| 2019 | +222.4% | +187.9% | +342.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Adapt Music Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adapt Music Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Frequently Asked Questions about Adapt Music Inc
Is Adapt Music Inc a legitimate charity?
Adapt Music Inc (EIN: 825185564) is a registered tax-exempt nonprofit based in North Dakota. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Adapt Music Inc spend its money?
Adapt Music Inc reported its financials in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Adapt Music Inc tax-deductible?
Adapt Music Inc is registered as a tax-exempt nonprofit (EIN: 825185564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Adapt Music Inc located?
Adapt Music Inc is headquartered in West Fargo, North Dakota and files with the IRS under EIN 825185564. It is classified under NTEE code A68.
How many years of IRS 990 filings does Adapt Music Inc have?
Adapt Music Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Adapt Music Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2022), Adapt Music Inc's revenue has grown by 503.4%, moving from $2K to $10K. Total assets increased by 1919.8% over the same period, from $1K to $20K. Total functional expenses rose by 716.9%, from $585 to $5K. In its most recent filing year (2022), Adapt Music Inc reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $10K | $5K | $20K | $0 | — | View 990 |
| 2021 | $8K | $3K | $16K | $0 | — | — |
| 2020 | $11K | $5K | $10K | $0 | — | — |
| 2019 | $5K | $2K | $4K | $0 | — | View 990 |
| 2018 | $2K | $585 | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $10K, expenses of $5K, and assets of $20K (revenue +18.9% year-over-year).
- 2021: Revenue of $8K, expenses of $3K, and assets of $16K (revenue -26.4% year-over-year).
- 2020: Revenue of $11K, expenses of $5K, and assets of $10K (revenue +113.9% year-over-year).
- 2019: Revenue of $5K, expenses of $2K, and assets of $4K (revenue +222.4% year-over-year).
- 2018: Revenue of $2K, expenses of $585, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adapt Music Inc:
Data Sources and Methodology
This transparency report for Adapt Music Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.