Cleveland Music Foundation Inc
EIN: 453186945 · Cleveland, MS · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.9M |
| Net Assets | $16.1M |
Is Cleveland Music Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cleveland Music Foundation Inc
Cleveland Music Foundation Inc (EIN: 453186945) is a nonprofit organization based in Cleveland, MS, classified under NTEE code A50. The organization reported total revenue of $2.2M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cleveland Music Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cleveland Music Foundation Inc is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$57K |
| Total Assets | $17.0M |
| Total Liabilities | $920K |
| Net Assets | $16.1M |
| Operating Margin | 2.9% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 107.6 months |
Financial Health Grade: A
In 2023, Cleveland Music Foundation Inc reported a surplus of $57K with revenue exceeding expenses, holds 107.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Cleveland Music Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.3% | +13.2% | +0.4% |
| 2022 | -60.1% | -13.3% | +1.2% |
| 2021 | +268.3% | +21.4% | -0.7% |
| 2020 | -35.7% | -21.9% | -4.7% |
| 2019 | +64.1% | +1.8% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cleveland Music Foundation 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 Cleveland Music Foundation 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 $57K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about Cleveland Music Foundation Inc
Is Cleveland Music Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cleveland Music Foundation Inc (EIN: 453186945) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cleveland Music Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Cleveland Music Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Cleveland Music Foundation Inc tax-deductible?
Cleveland Music Foundation Inc is registered as a tax-exempt nonprofit (EIN: 453186945). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cleveland Music Foundation Inc located?
Cleveland Music Foundation Inc is headquartered in Cleveland, Mississippi and files with the IRS under EIN 453186945. It is classified under NTEE code A50.
How many years of IRS 990 filings does Cleveland Music Foundation Inc have?
Cleveland Music Foundation Inc has 12 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Cleveland Music Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Cleveland Music Foundation Inc's revenue has grown by 378.6%, moving from $409K to $2.0M. Total assets increased by 5264.7% over the same period, from $318K to $17.0M. Total functional expenses rose by 1980.4%, from $91K to $1.9M. In its most recent filing year (2023), Cleveland Music Foundation Inc reported a surplus of $57K, with revenue exceeding expenses. The organization holds $920K in liabilities against $17.0M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $16.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $17.0M | $920K | — | View 990 |
| 2022 | $1.8M | $1.7M | $17.0M | $909K | — | View 990 |
| 2021 | $4.4M | $1.9M | $16.8M | $853K | — | — |
| 2020 | $1.2M | $1.6M | $16.9M | $3.5M | — | — |
| 2019 | $1.9M | $2.0M | $17.7M | $3.9M | — | View 990 |
| 2018 | $1.1M | $2.0M | $18.2M | $4.3M | — | View 990 |
| 2017 | $1.3M | $2.2M | $19.3M | $4.5M | — | — |
| 2016 | $4.5M | $2.0M | $21.2M | $5.2M | — | View 990 |
| 2015 | $8.5M | $895K | $18.1M | $4.6M | — | View 990 |
| 2014 | $1.3M | $26K | $5.1M | $0 | — | View 990 |
| 2013 | $3.5M | $85K | $3.8M | $0 | — | View 990 |
| 2012 | $409K | $91K | $318K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $17.0M (revenue +11.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $17.0M (revenue -60.1% year-over-year).
- 2021: Revenue of $4.4M, expenses of $1.9M, and assets of $16.8M (revenue +268.3% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.6M, and assets of $16.9M (revenue -35.7% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $17.7M (revenue +64.1% year-over-year).
- 2018: Revenue of $1.1M, expenses of $2.0M, and assets of $18.2M (revenue -11.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $2.2M, and assets of $19.3M (revenue -71.8% year-over-year).
- 2016: Revenue of $4.5M, expenses of $2.0M, and assets of $21.2M (revenue -46.3% year-over-year).
- 2015: Revenue of $8.5M, expenses of $895K, and assets of $18.1M (revenue +544.8% year-over-year).
- 2014: Revenue of $1.3M, expenses of $26K, and assets of $5.1M (revenue -62.9% year-over-year).
- 2013: Revenue of $3.5M, expenses of $85K, and assets of $3.8M (revenue +764.3% year-over-year).
- 2012: Revenue of $409K, expenses of $91K, and assets of $318K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cleveland Music Foundation Inc:
Data Sources and Methodology
This transparency report for Cleveland Music Foundation 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.