Center For Irish Music Inc
Center For Irish Music Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 205902063 · Saint Paul, MN · NTEE: A6E0 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $662K |
| Total Expenses | $558K |
| Program Spending | 85% |
| Net Assets | $424K |
| Transparency Score | 88/100 |
Is Center For Irish Music Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center For Irish Music Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Center For Irish Music Inc
Center For Irish Music Inc (EIN: 205902063) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code A6E0. The organization reported total revenue of $662K and total assets of $873K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Irish Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center For Irish Music Inc 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 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $749K |
| Total Expenses | $558K |
| Surplus / Deficit | +$190K |
| Total Assets | $495K |
| Total Liabilities | $71K |
| Net Assets | $424K |
| Operating Margin | 25.4% |
| Debt-to-Asset Ratio | 14.3% |
| Months of Reserves | 10.6 months |
Financial Health Grade: A
In 2023, Center For Irish Music Inc reported a surplus of $190K with revenue exceeding expenses, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 14.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Center For Irish Music Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.1% | +9.0% | +83.4% |
| 2022 | +15.0% | +27.1% | +4.7% |
| 2021 | +4.1% | +0.9% | +37.1% |
| 2020 | +12.6% | +12.2% | +21.5% |
| 2019 | +19.6% | +14.5% | +21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Center For Irish Music Inc with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Center For Irish Music Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $190K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation, which is unusual for an organization of its size and revenue growth.
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.
Red Flags
The following concerns were identified during AI analysis of Center For Irish Music Inc's IRS 990 filings:
- No reported officer compensation, which could indicate a lack of transparency if compensation is simply reclassified.
Strengths
The following positive indicators were identified for Center For Irish Music Inc:
- Consistent revenue growth over the past decade, from $233,599 in 201407 to $748,864 in 202306.
- Healthy asset accumulation, with assets growing from $70,027 to $494,883 over the last 10 years.
- Expenses consistently lower than revenue, indicating sound financial management and surpluses.
- Low liabilities relative to assets, suggesting strong financial stability.
Frequently Asked Questions about Center For Irish Music Inc
Is Center For Irish Music Inc a legitimate charity?
Center For Irish Music Inc (EIN: 205902063) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $662K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Center For Irish Music Inc spend its money?
Center For Irish Music Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Center For Irish Music Inc tax-deductible?
Center For Irish Music Inc is registered as a tax-exempt nonprofit (EIN: 205902063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Center For Irish Music Inc's spending goes to programs?
Center For Irish Music Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Center For Irish Music Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Center For Irish Music Inc is above average for NTEE category A6E0 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Center For Irish Music Inc located?
Center For Irish Music Inc is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 205902063. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Center For Irish Music Inc have?
Center For Irish Music Inc 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 $662K in total revenue.
How does the Center For Irish Music Inc manage to operate without reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could indicate a volunteer-led executive team, or that executive salaries are reported under other expense categories, which would require reviewing the full 990 for clarification.
What is the specific breakdown of program versus administrative expenses?
While the filings show total expenses, a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data. This information would be found in Part IX of the full IRS Form 990.
What is the organization's strategy for managing its growing assets?
The organization has shown consistent asset growth, from $70,027 in 201407 to $494,883 in 202306. The specific strategy for managing these assets, whether for endowment, capital improvements, or operational reserves, would be detailed in their financial statements or annual reports.
Filing History
IRS 990 filing history for Center For Irish Music Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Center For Irish Music Inc's revenue has grown by 410.5%, moving from $147K to $749K. Total assets increased by 1026.1% over the same period, from $44K to $495K. Total functional expenses rose by 397.6%, from $112K to $558K. In its most recent filing year (2023), Center For Irish Music Inc reported a surplus of $190K, with revenue exceeding expenses. The organization holds $71K in liabilities against $495K in assets (debt-to-asset ratio: 14.3%), resulting in net assets of $424K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $749K | $558K | $495K | $71K | — | — |
| 2022 | $516K | $512K | $270K | $37K | — | View 990 |
| 2021 | $449K | $403K | $258K | $28K | — | View 990 |
| 2020 | $431K | $399K | $188K | $4K | — | View 990 |
| 2019 | $383K | $356K | $155K | $2K | — | View 990 |
| 2018 | $320K | $311K | $128K | $2K | — | View 990 |
| 2017 | $319K | $306K | $119K | $2K | — | View 990 |
| 2016 | $281K | $263K | $105K | $1K | — | View 990 |
| 2015 | $264K | $248K | $87K | $2K | — | View 990 |
| 2014 | $234K | $226K | $70K | $1K | — | View 990 |
| 2013 | $212K | $203K | $63K | $1K | — | View 990 |
| 2012 | $171K | $161K | $54K | $552 | — | View 990 |
| 2011 | $147K | $112K | $44K | $280 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $749K, expenses of $558K, and assets of $495K (revenue +45.1% year-over-year).
- 2022: Revenue of $516K, expenses of $512K, and assets of $270K (revenue +15.0% year-over-year).
- 2021: Revenue of $449K, expenses of $403K, and assets of $258K (revenue +4.1% year-over-year).
- 2020: Revenue of $431K, expenses of $399K, and assets of $188K (revenue +12.6% year-over-year).
- 2019: Revenue of $383K, expenses of $356K, and assets of $155K (revenue +19.6% year-over-year).
- 2018: Revenue of $320K, expenses of $311K, and assets of $128K (revenue +0.4% year-over-year).
- 2017: Revenue of $319K, expenses of $306K, and assets of $119K (revenue +13.3% year-over-year).
- 2016: Revenue of $281K, expenses of $263K, and assets of $105K (revenue +6.6% year-over-year).
- 2015: Revenue of $264K, expenses of $248K, and assets of $87K (revenue +13.0% year-over-year).
- 2014: Revenue of $234K, expenses of $226K, and assets of $70K (revenue +10.2% year-over-year).
- 2013: Revenue of $212K, expenses of $203K, and assets of $63K (revenue +24.2% year-over-year).
- 2012: Revenue of $171K, expenses of $161K, and assets of $54K (revenue +16.3% year-over-year).
- 2011: Revenue of $147K, expenses of $112K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center For Irish Music Inc:
Data Sources and Methodology
This transparency report for Center For Irish 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.