Annapolis Musicians Fund For Musicians Inc
Annapolis Musicians Fund For Musicians Inc consistently directs nearly all funds to programs with zero executive compensation.
EIN: 202801578 · Annapolis, MD · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $71K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $129,899. |
| Net Assets | $155K |
| Transparency Score | 98/100 |
Is Annapolis Musicians Fund For Musicians Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Annapolis Musicians Fund For Musicians Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Annapolis Musicians Fund For Musicians Inc
Annapolis Musicians Fund For Musicians Inc (EIN: 202801578) is a nonprofit organization based in Annapolis, MD, classified under NTEE code P60. The organization reported total revenue of $130K and total assets of $169K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Annapolis Musicians Fund For Musicians Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Annapolis Musicians Fund For Musicians Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $71K |
| Surplus / Deficit | +$28K |
| Total Assets | $155K |
| Net Assets | $155K |
| Operating Margin | 28.5% |
| Months of Reserves | 26.2 months |
Financial Health Grade: A
In 2023, Annapolis Musicians Fund For Musicians Inc reported a surplus of $28K with revenue exceeding expenses, holds 26.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Annapolis Musicians Fund For Musicians Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +16.9% | +22.3% |
| 2022 | -48.2% | -52.2% | +36.3% |
| 2021 | +51.8% | -25.6% | +146.0% |
| 2020 | +124.7% | +172.0% | -57.3% |
| 2019 | -14.4% | -18.4% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Annapolis Musicians Fund For Musicians Inc with a Mission Score of 98 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Annapolis Musicians Fund For Musicians Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is entirely volunteer-run, which is highly commendable for an organization of its size with latest revenue of $129,899.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Annapolis Musicians Fund For Musicians Inc:
- Consistently 0% officer compensation, indicating an all-volunteer leadership.
- Maintains $0 liabilities for many years, demonstrating strong financial stability.
- High percentage of expenses directed towards program services.
- Consistent growth in assets over the past few years, from $92,836 in 2021 to $154,679 in 2023.
- Long history of consistent IRS 990 filings (14 filings), indicating strong transparency.
Frequently Asked Questions about Annapolis Musicians Fund For Musicians Inc
Is Annapolis Musicians Fund For Musicians Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Annapolis Musicians Fund For Musicians Inc (EIN: 202801578) appears legitimate. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
How does Annapolis Musicians Fund For Musicians Inc spend its money?
Annapolis Musicians Fund For Musicians Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Annapolis Musicians Fund For Musicians Inc tax-deductible?
Annapolis Musicians Fund For Musicians Inc is registered as a tax-exempt nonprofit (EIN: 202801578). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Annapolis Musicians Fund For Musicians Inc CEO make?
Annapolis Musicians Fund For Musicians Inc's highest-compensated officer earns $129,899. annually. The organization reported $130K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Annapolis Musicians Fund For Musicians Inc compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), Annapolis Musicians Fund For Musicians Inc is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Annapolis Musicians Fund For Musicians Inc located?
Annapolis Musicians Fund For Musicians Inc is headquartered in Annapolis, Maryland and files with the IRS under EIN 202801578. It is classified under NTEE code P60.
How many years of IRS 990 filings does Annapolis Musicians Fund For Musicians Inc have?
Annapolis Musicians Fund For Musicians Inc has 14 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 $130K in total revenue.
Is Annapolis Musicians Fund For Musicians Inc a good charity?
Yes, Annapolis Musicians Fund For Musicians Inc appears to be an excellent charity. They consistently report 0% officer compensation, maintain $0 liabilities, and direct a very high percentage of their expenses to program services, indicating strong financial health and mission focus.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $70,045 in 2014 to $154,679 in 2023. While revenue and expenses have fluctuated, they have consistently maintained positive net assets and $0 liabilities for many years.
What is the organization's approach to executive compensation?
The organization has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation across all 14 available filings. This means all leadership roles are voluntary, maximizing funds for their mission.
Filing History
IRS 990 filing history for Annapolis Musicians Fund For Musicians Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Annapolis Musicians Fund For Musicians Inc's revenue has grown by 264%, moving from $27K to $99K. Total assets increased by 141.5% over the same period, from $64K to $155K. Total functional expenses rose by 707.2%, from $9K to $71K. In its most recent filing year (2023), Annapolis Musicians Fund For Musicians Inc reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $71K | $155K | $0 | — | View 990 |
| 2022 | $94K | $61K | $126K | $0 | — | — |
| 2021 | $182K | $127K | $93K | $0 | — | — |
| 2020 | $120K | $170K | $38K | $0 | — | View 990 |
| 2019 | $53K | $63K | $88K | $0 | — | View 990 |
| 2018 | $62K | $77K | $98K | $0 | — | View 990 |
| 2017 | $54K | $30K | $112K | $0 | — | — |
| 2016 | $69K | $54K | $88K | $0 | — | View 990 |
| 2015 | $33K | $29K | $73K | $0 | — | View 990 |
| 2014 | $33K | $42K | $70K | $9 | — | View 990 |
| 2013 | $30K | $30K | $79K | $0 | — | View 990 |
| 2012 | $35K | $21K | $79K | $0 | — | View 990 |
| 2011 | $18K | $17K | $65K | $0 | — | View 990 |
| 2010 | $27K | $9K | $64K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $71K, and assets of $155K (revenue +5.1% year-over-year).
- 2022: Revenue of $94K, expenses of $61K, and assets of $126K (revenue -48.2% year-over-year).
- 2021: Revenue of $182K, expenses of $127K, and assets of $93K (revenue +51.8% year-over-year).
- 2020: Revenue of $120K, expenses of $170K, and assets of $38K (revenue +124.7% year-over-year).
- 2019: Revenue of $53K, expenses of $63K, and assets of $88K (revenue -14.4% year-over-year).
- 2018: Revenue of $62K, expenses of $77K, and assets of $98K (revenue +15.6% year-over-year).
- 2017: Revenue of $54K, expenses of $30K, and assets of $112K (revenue -22.2% year-over-year).
- 2016: Revenue of $69K, expenses of $54K, and assets of $88K (revenue +112.8% year-over-year).
- 2015: Revenue of $33K, expenses of $29K, and assets of $73K (revenue -1.5% year-over-year).
- 2014: Revenue of $33K, expenses of $42K, and assets of $70K (revenue +10.0% year-over-year).
- 2013: Revenue of $30K, expenses of $30K, and assets of $79K (revenue -13.8% year-over-year).
- 2012: Revenue of $35K, expenses of $21K, and assets of $79K (revenue +99.0% year-over-year).
- 2011: Revenue of $18K, expenses of $17K, and assets of $65K (revenue -35.7% year-over-year).
- 2010: Revenue of $27K, expenses of $9K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Annapolis Musicians Fund For Musicians Inc:
Data Sources and Methodology
This transparency report for Annapolis Musicians Fund For Musicians 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.