Asheville Music School Sound Education
EIN: 455325308 · Asheville, NC · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $267K |
| Net Assets | $291K |
Is Asheville Music School Sound Education Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Asheville Music School Sound Education
Asheville Music School Sound Education (EIN: 455325308) is a nonprofit organization based in Asheville, NC, classified under NTEE code A68. The organization reported total revenue of $248K and total assets of $356K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asheville Music School Sound Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asheville Music School Sound Education is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $267K |
| Surplus / Deficit | +$8K |
| Total Assets | $377K |
| Total Liabilities | $87K |
| Net Assets | $291K |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 23.0% |
| Months of Reserves | 17.0 months |
Financial Health Grade: A
In 2024, Asheville Music School Sound Education reported a surplus of $8K with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 23.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Asheville Music School Sound Education's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.2% | +3.0% | +3.1% |
| 2023 | -36.4% | +24.2% | -5.3% |
| 2022 | +119.7% | +9.2% | +55.0% |
| 2021 | -19.8% | -13.6% | +42.9% |
| 2020 | +10.7% | -1.0% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Asheville Music School Sound Education 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 Asheville Music School Sound Education 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.0%.
Frequently Asked Questions about Asheville Music School Sound Education
Is Asheville Music School Sound Education a legitimate charity?
Asheville Music School Sound Education (EIN: 455325308) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $248K. No red flags identified. Financial health grade: A.
How does Asheville Music School Sound Education spend its money?
Asheville Music School Sound Education reported $248K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Asheville Music School Sound Education tax-deductible?
Asheville Music School Sound Education is registered as a tax-exempt nonprofit (EIN: 455325308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Asheville Music School Sound Education located?
Asheville Music School Sound Education is headquartered in Asheville, North Carolina and files with the IRS under EIN 455325308. It is classified under NTEE code A68.
How many years of IRS 990 filings does Asheville Music School Sound Education have?
Asheville Music School Sound Education 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 $248K in total revenue.
Filing History
IRS 990 filing history for Asheville Music School Sound Education showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Asheville Music School Sound Education's revenue has grown by 300.3%, moving from $69K to $275K. Total assets increased by 1715.8% over the same period, from $21K to $377K. Total functional expenses rose by 456.1%, from $48K to $267K. In its most recent filing year (2024), Asheville Music School Sound Education reported a surplus of $8K, with revenue exceeding expenses. The organization holds $87K in liabilities against $377K in assets (debt-to-asset ratio: 23.0%), resulting in net assets of $291K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $275K | $267K | $377K | $87K | — | — |
| 2023 | $237K | $259K | $366K | $87K | — | View 990 |
| 2022 | $373K | $208K | $386K | $87K | — | View 990 |
| 2021 | $170K | $191K | $249K | $88K | — | — |
| 2020 | $212K | $221K | $174K | $19K | — | View 990 |
| 2019 | $191K | $223K | $170K | $5K | — | View 990 |
| 2018 | $215K | $232K | $203K | $6K | — | — |
| 2017 | $247K | $227K | $221K | $8K | — | View 990 |
| 2016 | $350K | $201K | $196K | $1K | — | View 990 |
| 2015 | $170K | $169K | $46K | $551 | — | View 990 |
| 2014 | $182K | $170K | $50K | $765 | — | View 990 |
| 2013 | $91K | $74K | $37K | $0 | — | View 990 |
| 2012 | $69K | $48K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $275K, expenses of $267K, and assets of $377K (revenue +16.2% year-over-year).
- 2023: Revenue of $237K, expenses of $259K, and assets of $366K (revenue -36.4% year-over-year).
- 2022: Revenue of $373K, expenses of $208K, and assets of $386K (revenue +119.7% year-over-year).
- 2021: Revenue of $170K, expenses of $191K, and assets of $249K (revenue -19.8% year-over-year).
- 2020: Revenue of $212K, expenses of $221K, and assets of $174K (revenue +10.7% year-over-year).
- 2019: Revenue of $191K, expenses of $223K, and assets of $170K (revenue -11.2% year-over-year).
- 2018: Revenue of $215K, expenses of $232K, and assets of $203K (revenue -12.8% year-over-year).
- 2017: Revenue of $247K, expenses of $227K, and assets of $221K (revenue -29.5% year-over-year).
- 2016: Revenue of $350K, expenses of $201K, and assets of $196K (revenue +106.3% year-over-year).
- 2015: Revenue of $170K, expenses of $169K, and assets of $46K (revenue -6.7% year-over-year).
- 2014: Revenue of $182K, expenses of $170K, and assets of $50K (revenue +100.5% year-over-year).
- 2013: Revenue of $91K, expenses of $74K, and assets of $37K (revenue +32.0% year-over-year).
- 2012: Revenue of $69K, expenses of $48K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asheville Music School Sound Education:
Data Sources and Methodology
This transparency report for Asheville Music School Sound Education 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.