Allegro Community Music School
EIN: 261393763 · Warrenton, VA · NTEE: A6E
| Metric | Value |
|---|---|
| Total Revenue | $233K |
| Total Expenses | $344K |
| Net Assets | $-14,637 |
Is Allegro Community Music School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Allegro Community Music School
Allegro Community Music School (EIN: 261393763) is a nonprofit organization based in Warrenton, VA, classified under NTEE code A6E. The organization reported total revenue of $233K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allegro Community Music School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Allegro Community Music School is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $336K |
| Total Expenses | $344K |
| Surplus / Deficit | $-8,193 |
| Total Assets | $7K |
| Total Liabilities | $21K |
| Net Assets | $-14,637 |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 320.3% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Allegro Community Music School reported a deficit of $8K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 320.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Allegro Community Music School's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.3% | -8.3% | -53.5% |
| 2022 | +9.5% | +14.1% | -33.5% |
| 2021 | +38.0% | +23.8% | +37.6% |
| 2020 | -12.1% | +1.3% | -56.1% |
| 2019 | +22.9% | +23.3% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Allegro Community Music School 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 Allegro Community Music School 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 320.3%.
Frequently Asked Questions about Allegro Community Music School
Is Allegro Community Music School a legitimate charity?
Allegro Community Music School (EIN: 261393763) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $233K. No red flags identified. Financial health grade: D.
How does Allegro Community Music School spend its money?
Allegro Community Music School reported $233K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Allegro Community Music School tax-deductible?
Allegro Community Music School is registered as a tax-exempt nonprofit (EIN: 261393763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Allegro Community Music School located?
Allegro Community Music School is headquartered in Warrenton, Virginia and files with the IRS under EIN 261393763. It is classified under NTEE code A6E.
How many years of IRS 990 filings does Allegro Community Music School have?
Allegro Community Music School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $233K in total revenue.
Filing History
IRS 990 filing history for Allegro Community Music School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Allegro Community Music School's revenue has grown by 13.5%, moving from $296K to $336K. Total assets decreased by 74.7% over the same period, from $26K to $7K. Total functional expenses rose by 35.3%, from $254K to $344K. In its most recent filing year (2023), Allegro Community Music School reported a deficit of $8K, with expenses exceeding revenue. The organization holds $21K in liabilities against $7K in assets (debt-to-asset ratio: 320.3%), resulting in net assets of $-14,637.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $336K | $344K | $7K | $21K | — | — |
| 2022 | $366K | $375K | $14K | $21K | — | View 990 |
| 2021 | $334K | $329K | $22K | $19K | — | View 990 |
| 2020 | $242K | $266K | $16K | $19K | — | — |
| 2019 | $276K | $262K | $36K | $7K | — | View 990 |
| 2018 | $224K | $213K | $30K | $7K | — | View 990 |
| 2017 | $260K | $264K | $30K | $14K | — | View 990 |
| 2016 | $164K | $163K | $25K | $2K | — | View 990 |
| 2015 | $164K | $163K | $25K | $2K | — | View 990 |
| 2014 | $165K | $157K | $23K | $1K | — | View 990 |
| 2013 | $109K | $125K | $15K | $200 | — | View 990 |
| 2012 | $151K | $145K | $32K | $2K | — | View 990 |
| 2011 | $296K | $254K | $26K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $336K, expenses of $344K, and assets of $7K (revenue -8.3% year-over-year).
- 2022: Revenue of $366K, expenses of $375K, and assets of $14K (revenue +9.5% year-over-year).
- 2021: Revenue of $334K, expenses of $329K, and assets of $22K (revenue +38.0% year-over-year).
- 2020: Revenue of $242K, expenses of $266K, and assets of $16K (revenue -12.1% year-over-year).
- 2019: Revenue of $276K, expenses of $262K, and assets of $36K (revenue +22.9% year-over-year).
- 2018: Revenue of $224K, expenses of $213K, and assets of $30K (revenue -13.6% year-over-year).
- 2017: Revenue of $260K, expenses of $264K, and assets of $30K (revenue +58.1% year-over-year).
- 2016: Revenue of $164K, expenses of $163K, and assets of $25K (revenue +0.0% year-over-year).
- 2015: Revenue of $164K, expenses of $163K, and assets of $25K (revenue -0.6% year-over-year).
- 2014: Revenue of $165K, expenses of $157K, and assets of $23K (revenue +51.4% year-over-year).
- 2013: Revenue of $109K, expenses of $125K, and assets of $15K (revenue -27.6% year-over-year).
- 2012: Revenue of $151K, expenses of $145K, and assets of $32K (revenue -49.1% year-over-year).
- 2011: Revenue of $296K, expenses of $254K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Allegro Community Music School:
Data Sources and Methodology
This transparency report for Allegro Community Music School 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.