Center Of Musical Studies Inc
EIN: 521962698 · Silver Spring, MD · NTEE: A67P
| Metric | Value |
|---|---|
| Total Revenue | $687K |
| Total Expenses | $609K |
| Net Assets | $202K |
Is Center Of Musical Studies Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Center Of Musical Studies Inc
Center Of Musical Studies Inc (EIN: 521962698) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code A67P. The organization reported total revenue of $687K and total assets of $193K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center Of Musical Studies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center Of Musical Studies Inc is a small nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $616K |
| Total Expenses | $609K |
| Surplus / Deficit | +$6K |
| Total Assets | $202K |
| Total Liabilities | $488 |
| Net Assets | $202K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 4.0 months |
Financial Health Grade: A
In 2023, Center Of Musical Studies Inc reported a surplus of $6K with revenue exceeding expenses, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Center Of Musical Studies Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | -4.4% | -3.3% |
| 2022 | +862.6% | +88.6% | -21.9% |
| 2021 | -67.3% | -26.2% | -50.6% |
| 2020 | -62.6% | -22.9% | -29.3% |
| 2019 | +22.5% | -3.3% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Center Of Musical Studies 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 Center Of Musical Studies 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Center Of Musical Studies Inc
Is Center Of Musical Studies Inc a legitimate charity?
Center Of Musical Studies Inc (EIN: 521962698) is a registered tax-exempt nonprofit based in Maryland. It has 14 years of IRS 990 filings on record. Total revenue: $687K. No red flags identified. Financial health grade: A.
How does Center Of Musical Studies Inc spend its money?
Center Of Musical Studies Inc reported $687K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Center Of Musical Studies Inc tax-deductible?
Center Of Musical Studies Inc is registered as a tax-exempt nonprofit (EIN: 521962698). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Center Of Musical Studies Inc located?
Center Of Musical Studies Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 521962698. It is classified under NTEE code A67P.
How many years of IRS 990 filings does Center Of Musical Studies Inc have?
Center Of Musical Studies 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 $687K in total revenue.
Filing History
IRS 990 filing history for Center Of Musical Studies Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Center Of Musical Studies Inc's revenue has grown by 14%, moving from $540K to $616K. Total assets decreased by 42.8% over the same period, from $354K to $202K. Total functional expenses rose by 12.7%, from $541K to $609K. In its most recent filing year (2023), Center Of Musical Studies Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $488 in liabilities against $202K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $202K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $616K | $609K | $202K | $488 | — | — |
| 2022 | $631K | $638K | $209K | $14K | — | — |
| 2021 | $66K | $338K | $268K | $2K | — | View 990 |
| 2020 | $200K | $458K | $542K | $3K | — | — |
| 2019 | $535K | $594K | $766K | $6K | — | View 990 |
| 2018 | $437K | $614K | $743K | $6K | — | View 990 |
| 2017 | $565K | $629K | $1.1M | $39K | — | View 990 |
| 2016 | $478K | $320K | $986K | $3K | — | View 990 |
| 2015 | $605K | $547K | $830K | $6K | — | View 990 |
| 2014 | $564K | $385K | $788K | $8K | — | View 990 |
| 2013 | $598K | $444K | $545K | $11K | — | View 990 |
| 2012 | $443K | $408K | $393K | $11K | — | View 990 |
| 2011 | $404K | $403K | $359K | $13K | — | View 990 |
| 2010 | $540K | $541K | $354K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $616K, expenses of $609K, and assets of $202K (revenue -2.4% year-over-year).
- 2022: Revenue of $631K, expenses of $638K, and assets of $209K (revenue +862.6% year-over-year).
- 2021: Revenue of $66K, expenses of $338K, and assets of $268K (revenue -67.3% year-over-year).
- 2020: Revenue of $200K, expenses of $458K, and assets of $542K (revenue -62.6% year-over-year).
- 2019: Revenue of $535K, expenses of $594K, and assets of $766K (revenue +22.5% year-over-year).
- 2018: Revenue of $437K, expenses of $614K, and assets of $743K (revenue -22.7% year-over-year).
- 2017: Revenue of $565K, expenses of $629K, and assets of $1.1M (revenue +18.2% year-over-year).
- 2016: Revenue of $478K, expenses of $320K, and assets of $986K (revenue -20.9% year-over-year).
- 2015: Revenue of $605K, expenses of $547K, and assets of $830K (revenue +7.2% year-over-year).
- 2014: Revenue of $564K, expenses of $385K, and assets of $788K (revenue -5.7% year-over-year).
- 2013: Revenue of $598K, expenses of $444K, and assets of $545K (revenue +34.9% year-over-year).
- 2012: Revenue of $443K, expenses of $408K, and assets of $393K (revenue +9.6% year-over-year).
- 2011: Revenue of $404K, expenses of $403K, and assets of $359K (revenue -25.2% year-over-year).
- 2010: Revenue of $540K, expenses of $541K, and assets of $354K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center Of Musical Studies Inc:
Data Sources and Methodology
This transparency report for Center Of Musical Studies 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.