Do Re Mi Gospel Music Academy Inc
Do Re Mi Gospel Music Academy consistently operates with surpluses and no reported officer compensation.
EIN: 203933001 · Murfreesboro, TN · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $141K |
| Total Expenses | $71K |
| Program Spending | 85% |
| Net Assets | $446K |
| Transparency Score | 90/100 |
Is Do Re Mi Gospel Music Academy Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Do Re Mi Gospel Music Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Do Re Mi Gospel Music Academy Inc
Do Re Mi Gospel Music Academy Inc (EIN: 203933001) is a nonprofit organization based in Murfreesboro, TN, classified under NTEE code A68. The organization reported total revenue of $141K and total assets of $656K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Do Re Mi Gospel Music Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Do Re Mi Gospel Music Academy Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $71K |
| Surplus / Deficit | +$63K |
| Total Assets | $615K |
| Total Liabilities | $169K |
| Net Assets | $446K |
| Operating Margin | 47.2% |
| Debt-to-Asset Ratio | 27.5% |
| Months of Reserves | 103.9 months |
Financial Health Grade: A
In 2023, Do Re Mi Gospel Music Academy Inc reported a surplus of $63K with revenue exceeding expenses, holds 103.9 months of operating reserves (strong position), has a debt-to-asset ratio of 27.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Do Re Mi Gospel Music Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | -17.1% | +7.8% |
| 2022 | +43.4% | +40.1% | +4.3% |
| 2021 | +141.0% | +24.0% | -0.5% |
| 2020 | -52.0% | -29.0% | -5.6% |
| 2019 | -3.1% | +9.3% | -24.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Do Re Mi Gospel Music Academy 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, Do Re Mi Gospel Music Academy 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 $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This suggests a volunteer-driven leadership model, which is highly efficient for a nonprofit of this size.
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 Do Re Mi Gospel Music Academy Inc:
- Consistent financial surpluses (e.g., $134,530 revenue vs. $71,089 expenses in 2023).
- No reported officer compensation across all filings, indicating high efficiency.
- Significant reduction in liabilities over time, improving financial stability.
- Consistent IRS 990 filing history, demonstrating transparency.
- Positive net assets, with assets ($615,270 in 2023) significantly exceeding liabilities ($169,460 in 2023).
Frequently Asked Questions about Do Re Mi Gospel Music Academy Inc
Is Do Re Mi Gospel Music Academy Inc a legitimate charity?
Do Re Mi Gospel Music Academy Inc (EIN: 203933001) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $141K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Do Re Mi Gospel Music Academy Inc spend its money?
Do Re Mi Gospel Music Academy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Do Re Mi Gospel Music Academy Inc tax-deductible?
Do Re Mi Gospel Music Academy Inc is registered as a tax-exempt nonprofit (EIN: 203933001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Do Re Mi Gospel Music Academy Inc's spending goes to programs?
Do Re Mi Gospel Music Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Do Re Mi Gospel Music Academy Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Do Re Mi Gospel Music Academy Inc is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Do Re Mi Gospel Music Academy Inc located?
Do Re Mi Gospel Music Academy Inc is headquartered in Murfreesboro, Tennessee and files with the IRS under EIN 203933001. It is classified under NTEE code A68.
How many years of IRS 990 filings does Do Re Mi Gospel Music Academy Inc have?
Do Re Mi Gospel Music Academy 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 $141K in total revenue.
Is Do Re Mi Gospel Music Academy Inc a good charity?
Based on the provided financial data, Do Re Mi Gospel Music Academy Inc appears to be a good charity. It consistently generates surpluses (e.g., $134,530 revenue vs. $71,089 expenses in 2023), has no reported officer compensation, and has been reducing its liabilities over time, all of which are strong indicators of financial health and efficient use of funds.
How has the organization's financial health changed over time?
The organization has maintained a stable financial position, with revenues generally exceeding expenses. While assets have decreased from a high of $789,808 in 2016 to $615,270 in 2023, liabilities have also significantly reduced from $367,373 in 2016 to $169,460 in 2023, improving its net asset position.
What is the trend in the organization's liabilities?
The organization has shown a positive trend in reducing its liabilities, decreasing from $381,228 in 2014 to $169,460 in 2023. This indicates effective financial management and a stronger balance sheet.
Filing History
IRS 990 filing history for Do Re Mi Gospel Music Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Do Re Mi Gospel Music Academy Inc's revenue has grown by 63.5%, moving from $82K to $135K. Total assets increased by 414.8% over the same period, from $120K to $615K. Total functional expenses rose by 24.7%, from $57K to $71K. In its most recent filing year (2023), Do Re Mi Gospel Music Academy Inc reported a surplus of $63K, with revenue exceeding expenses. The organization holds $169K in liabilities against $615K in assets (debt-to-asset ratio: 27.5%), resulting in net assets of $446K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $135K | $71K | $615K | $169K | — | — |
| 2022 | $141K | $86K | $571K | $189K | — | View 990 |
| 2021 | $99K | $61K | $547K | $220K | — | View 990 |
| 2020 | $41K | $49K | $550K | $260K | — | — |
| 2019 | $85K | $70K | $583K | $285K | — | View 990 |
| 2018 | $88K | $64K | $771K | $320K | — | View 990 |
| 2017 | $77K | $72K | $777K | $351K | — | View 990 |
| 2016 | $86K | $62K | $790K | $367K | — | View 990 |
| 2015 | $89K | $93K | $764K | $374K | — | View 990 |
| 2014 | $76K | $74K | $776K | $381K | — | View 990 |
| 2013 | $92K | $76K | $781K | $388K | — | View 990 |
| 2012 | $344K | $86K | $772K | $395K | — | View 990 |
| 2011 | $82K | $57K | $120K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $135K, expenses of $71K, and assets of $615K (revenue -4.8% year-over-year).
- 2022: Revenue of $141K, expenses of $86K, and assets of $571K (revenue +43.4% year-over-year).
- 2021: Revenue of $99K, expenses of $61K, and assets of $547K (revenue +141.0% year-over-year).
- 2020: Revenue of $41K, expenses of $49K, and assets of $550K (revenue -52.0% year-over-year).
- 2019: Revenue of $85K, expenses of $70K, and assets of $583K (revenue -3.1% year-over-year).
- 2018: Revenue of $88K, expenses of $64K, and assets of $771K (revenue +14.8% year-over-year).
- 2017: Revenue of $77K, expenses of $72K, and assets of $777K (revenue -11.1% year-over-year).
- 2016: Revenue of $86K, expenses of $62K, and assets of $790K (revenue -2.8% year-over-year).
- 2015: Revenue of $89K, expenses of $93K, and assets of $764K (revenue +16.2% year-over-year).
- 2014: Revenue of $76K, expenses of $74K, and assets of $776K (revenue -16.8% year-over-year).
- 2013: Revenue of $92K, expenses of $76K, and assets of $781K (revenue -73.3% year-over-year).
- 2012: Revenue of $344K, expenses of $86K, and assets of $772K (revenue +318.2% year-over-year).
- 2011: Revenue of $82K, expenses of $57K, and assets of $120K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Do Re Mi Gospel Music Academy Inc:
Data Sources and Methodology
This transparency report for Do Re Mi Gospel Music Academy 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.