Concord Music Association
EIN: 351419135 · Elkhart, IN · NTEE: B25I
| Metric | Value |
|---|---|
| Total Revenue | $153K |
| Total Expenses | $131K |
| Net Assets | $42K |
Is Concord Music Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Concord Music Association
Concord Music Association (EIN: 351419135) is a nonprofit organization based in Elkhart, IN, classified under NTEE code B25I. The organization reported total revenue of $153K and total assets of $62K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concord Music Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concord Music Association is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $131K |
| Surplus / Deficit | $-4,753 |
| Total Assets | $42K |
| Net Assets | $42K |
| Operating Margin | -3.8% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2024, Concord Music Association reported a deficit of $5K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2012–2024), Concord Music Association's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.2% | +3.6% | -10.2% |
| 2023 | -10.9% | -15.9% | -1.1% |
| 2022 | +147.5% | +125.5% | -16.0% |
| 2021 | -50.6% | -41.0% | -14.6% |
| 2020 | -26.2% | -31.9% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Concord Music Association 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 Concord Music Association 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 deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Concord Music Association
Is Concord Music Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Concord Music Association (EIN: 351419135) insufficient data. 0 red flags identified, 0 strengths noted.
How does Concord Music Association spend its money?
Detailed spending breakdown data is not yet available for Concord Music Association. Check back for updated IRS 990 analysis.
Are donations to Concord Music Association tax-deductible?
Concord Music Association is registered as a tax-exempt nonprofit (EIN: 351419135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Concord Music Association located?
Concord Music Association is headquartered in Elkhart, Indiana and files with the IRS under EIN 351419135. It is classified under NTEE code B25I.
How many years of IRS 990 filings does Concord Music Association have?
Concord Music Association 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 $153K in total revenue.
Filing History
IRS 990 filing history for Concord Music Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Concord Music Association's revenue has grown by 12.7%, moving from $112K to $126K. Total assets increased by 41.7% over the same period, from $29K to $42K. Total functional expenses rose by 26.1%, from $104K to $131K. In its most recent filing year (2024), Concord Music Association reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $126K | $131K | $42K | $0 | — | — |
| 2023 | $126K | $126K | $46K | $0 | — | View 990 |
| 2022 | $141K | $150K | $47K | $0 | — | View 990 |
| 2021 | $57K | $67K | $56K | $0 | — | View 990 |
| 2020 | $116K | $113K | $65K | $0 | — | View 990 |
| 2019 | $157K | $166K | $63K | $0 | — | View 990 |
| 2018 | $166K | $145K | $72K | $0 | — | View 990 |
| 2017 | $161K | $151K | $59K | $0 | — | View 990 |
| 2016 | $171K | $183K | $49K | $0 | — | — |
| 2015 | $184K | $183K | $66K | $0 | — | — |
| 2014 | $160K | $139K | $65K | $0 | — | View 990 |
| 2013 | $173K | $158K | $45K | $0 | — | View 990 |
| 2012 | $112K | $104K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $126K, expenses of $131K, and assets of $42K (revenue +0.2% year-over-year).
- 2023: Revenue of $126K, expenses of $126K, and assets of $46K (revenue -10.9% year-over-year).
- 2022: Revenue of $141K, expenses of $150K, and assets of $47K (revenue +147.5% year-over-year).
- 2021: Revenue of $57K, expenses of $67K, and assets of $56K (revenue -50.6% year-over-year).
- 2020: Revenue of $116K, expenses of $113K, and assets of $65K (revenue -26.2% year-over-year).
- 2019: Revenue of $157K, expenses of $166K, and assets of $63K (revenue -5.7% year-over-year).
- 2018: Revenue of $166K, expenses of $145K, and assets of $72K (revenue +3.4% year-over-year).
- 2017: Revenue of $161K, expenses of $151K, and assets of $59K (revenue -6.0% year-over-year).
- 2016: Revenue of $171K, expenses of $183K, and assets of $49K (revenue -6.7% year-over-year).
- 2015: Revenue of $184K, expenses of $183K, and assets of $66K (revenue +15.0% year-over-year).
- 2014: Revenue of $160K, expenses of $139K, and assets of $65K (revenue -7.9% year-over-year).
- 2013: Revenue of $173K, expenses of $158K, and assets of $45K (revenue +54.8% year-over-year).
- 2012: Revenue of $112K, expenses of $104K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concord Music Association:
Data Sources and Methodology
This transparency report for Concord Music Association 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.