Colored Musicians Club Of Buffalo New York Inc
Colored Musicians Club of Buffalo shows strong financial growth and no executive compensation.
EIN: 160703048 · Buffalo, NY · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $270K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.6M |
| Transparency Score | 90/100 |
Is Colored Musicians Club Of Buffalo New York Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colored Musicians Club Of Buffalo New York Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colored Musicians Club Of Buffalo New York Inc
Colored Musicians Club Of Buffalo New York Inc (EIN: 160703048) is a nonprofit organization based in Buffalo, NY, classified under NTEE code A80. The organization reported total revenue of $4.2M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colored Musicians Club Of Buffalo New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colored Musicians Club Of Buffalo New York Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $491K |
| Total Expenses | $270K |
| Surplus / Deficit | +$221K |
| Total Assets | $1.7M |
| Total Liabilities | $67K |
| Net Assets | $1.6M |
| Operating Margin | 44.9% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 73.8 months |
Financial Health Grade: A
In 2023, Colored Musicians Club Of Buffalo New York Inc reported a surplus of $221K with revenue exceeding expenses, holds 73.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Colored Musicians Club Of Buffalo New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.6% | +45.9% | +10.2% |
| 2022 | +519.4% | +33.6% | +32.0% |
| 2021 | -91.6% | +115.7% | -45.5% |
| 2020 | +1737.0% | -25.0% | +102.3% |
| 2019 | +40.9% | +5.8% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Colored Musicians Club Of Buffalo New York Inc with a Mission Score of 90 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, Colored Musicians Club Of Buffalo New York 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 $221K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for a nonprofit of its size with assets exceeding $1.6 million in 2023.
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 Colored Musicians Club Of Buffalo New York Inc:
- Consistent revenue exceeding expenses in recent years (e.g., $490,959 revenue vs. $270,378 expenses in 2023).
- Significant asset growth, from $1,143,892 in 2021 to $1,663,761 in 2023.
- 0% officer compensation reported across all available filings, indicating strong financial stewardship.
- Low liabilities relative to assets, demonstrating financial stability.
- Strong financial surplus generation in multiple recent periods (e.g., $220,581 surplus in 2023).
Frequently Asked Questions about Colored Musicians Club Of Buffalo New York Inc
Is Colored Musicians Club Of Buffalo New York Inc a legitimate charity?
Colored Musicians Club Of Buffalo New York Inc (EIN: 160703048) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Colored Musicians Club Of Buffalo New York Inc spend its money?
Colored Musicians Club Of Buffalo New York Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Colored Musicians Club Of Buffalo New York Inc tax-deductible?
Colored Musicians Club Of Buffalo New York Inc is registered as a tax-exempt nonprofit (EIN: 160703048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Colored Musicians Club Of Buffalo New York Inc CEO make?
Colored Musicians Club Of Buffalo New York Inc's highest-compensated officer earns $1.6 annually. The organization reported $4.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Colored Musicians Club Of Buffalo New York Inc's spending goes to programs?
Colored Musicians Club Of Buffalo New York Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Colored Musicians Club Of Buffalo New York Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Colored Musicians Club Of Buffalo New York Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Colored Musicians Club Of Buffalo New York Inc located?
Colored Musicians Club Of Buffalo New York Inc is headquartered in Buffalo, New York and files with the IRS under EIN 160703048. It is classified under NTEE code A80.
How many years of IRS 990 filings does Colored Musicians Club Of Buffalo New York Inc have?
Colored Musicians Club Of Buffalo New York 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 $4.2M in total revenue.
Is Colored Musicians Club Of Buffalo New York Inc a good charity?
Based on the available IRS 990 data, the organization appears to be a good charity. It consistently generates more revenue than expenses, has growing assets, and reports 0% officer compensation, indicating strong financial management and a commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, especially in recent years. Revenue has seen significant increases, particularly in 2020, 2022, and 2023, leading to substantial asset growth from approximately $1.1 million in 2021 to over $1.6 million in 2023.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, with 0% reported officer compensation across all 13 available filings. This means no officers received salaries from the organization, which is a strong indicator of financial prudence.
Are there any concerns regarding the organization's liabilities?
Liabilities have remained relatively low compared to assets. In 2023, liabilities were $66,771 against assets of $1,663,761, indicating a very healthy financial position with minimal debt burden.
Filing History
IRS 990 filing history for Colored Musicians Club Of Buffalo New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Colored Musicians Club Of Buffalo New York Inc's revenue has grown by 8.9%, moving from $451K to $491K. Total assets increased by 71.1% over the same period, from $972K to $1.7M. Total functional expenses rose by 699.8%, from $34K to $270K. In its most recent filing year (2023), Colored Musicians Club Of Buffalo New York Inc reported a surplus of $221K, with revenue exceeding expenses. The organization holds $67K in liabilities against $1.7M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $491K | $270K | $1.7M | $67K | — | — |
| 2022 | $561K | $185K | $1.5M | $136K | — | View 990 |
| 2021 | $91K | $139K | $1.1M | $146K | — | View 990 |
| 2020 | $1.1M | $64K | $2.1M | $55K | — | View 990 |
| 2019 | $59K | $86K | $1.0M | $3K | — | View 990 |
| 2018 | $42K | $81K | $1.1M | $0 | — | View 990 |
| 2017 | $41K | $115K | $1.1M | $0 | — | View 990 |
| 2016 | $32K | $78K | $1.1M | $0 | — | View 990 |
| 2015 | $160K | $91K | $1.2M | $0 | — | View 990 |
| 2014 | $86K | $110K | $1.2M | $102K | — | View 990 |
| 2013 | $35K | $63K | $1.2M | $102K | — | View 990 |
| 2012 | $400K | $65K | $1.3M | $122K | — | View 990 |
| 2011 | $451K | $34K | $972K | $149K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $491K, expenses of $270K, and assets of $1.7M (revenue -12.6% year-over-year).
- 2022: Revenue of $561K, expenses of $185K, and assets of $1.5M (revenue +519.4% year-over-year).
- 2021: Revenue of $91K, expenses of $139K, and assets of $1.1M (revenue -91.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $64K, and assets of $2.1M (revenue +1737.0% year-over-year).
- 2019: Revenue of $59K, expenses of $86K, and assets of $1.0M (revenue +40.9% year-over-year).
- 2018: Revenue of $42K, expenses of $81K, and assets of $1.1M (revenue +0.8% year-over-year).
- 2017: Revenue of $41K, expenses of $115K, and assets of $1.1M (revenue +27.4% year-over-year).
- 2016: Revenue of $32K, expenses of $78K, and assets of $1.1M (revenue -79.8% year-over-year).
- 2015: Revenue of $160K, expenses of $91K, and assets of $1.2M (revenue +85.1% year-over-year).
- 2014: Revenue of $86K, expenses of $110K, and assets of $1.2M (revenue +146.3% year-over-year).
- 2013: Revenue of $35K, expenses of $63K, and assets of $1.2M (revenue -91.2% year-over-year).
- 2012: Revenue of $400K, expenses of $65K, and assets of $1.3M (revenue -11.3% year-over-year).
- 2011: Revenue of $451K, expenses of $34K, and assets of $972K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colored Musicians Club Of Buffalo New York Inc:
Data Sources and Methodology
This transparency report for Colored Musicians Club Of Buffalo New York 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.