El Sistema Usa
EIN: 462483315 · Durham, NC · NTEE: P99
Is El Sistema Usa Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About El Sistema Usa
El Sistema Usa (EIN: 462483315) is a nonprofit organization based in Durham, NC, classified under NTEE code P99. The organization reported total revenue of $863K and total assets of $475K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of El Sistema Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
El Sistema Usa is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 32.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $240K |
| Total Expenses | $257K |
| Surplus / Deficit | $-16,938 |
| Total Assets | $53K |
| Total Liabilities | $29K |
| Net Assets | $23K |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 55.7% |
| Months of Reserves | 2.5 months |
Financial Health Grade: D
In 2023, El Sistema Usa reported a deficit of $17K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 55.7% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), El Sistema Usa's revenue has grown at a compound annual growth rate (CAGR) of 32.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.8% | +24.1% | -28.0% |
| 2022 | -24.1% | -22.5% | -13.6% |
| 2021 | +12.7% | -43.2% | -57.0% |
| 2020 | +36.9% | -13.9% | -64.8% |
| 2019 | -84.7% | +7.2% | -45.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for El Sistema Usa 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 El Sistema Usa 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 deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.7%.
Frequently Asked Questions about El Sistema Usa
Is El Sistema Usa a legitimate charity?
Based on AI analysis of IRS 990 filings, El Sistema Usa (EIN: 462483315) insufficient data. 0 red flags identified, 0 strengths noted.
How does El Sistema Usa spend its money?
Detailed spending breakdown data is not yet available for El Sistema Usa. Check back for updated IRS 990 analysis.
Are donations to El Sistema Usa tax-deductible?
El Sistema Usa is registered as a tax-exempt nonprofit (EIN: 462483315). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for El Sistema Usa showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), El Sistema Usa's revenue has grown by 1118.3%, moving from $20K to $240K. Total assets increased by 206.9% over the same period, from $17K to $53K. Total functional expenses rose by 2491%, from $10K to $257K. In its most recent filing year (2023), El Sistema Usa reported a deficit of $17K, with expenses exceeding revenue. The organization holds $29K in liabilities against $53K in assets (debt-to-asset ratio: 55.7%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $240K | $257K | $53K | $29K | — | View 990 |
| 2022 | $199K | $207K | $73K | $33K | — | View 990 |
| 2021 | $262K | $268K | $85K | $16K | — | — |
| 2020 | $233K | $471K | $197K | $122K | — | View 990 |
| 2019 | $170K | $548K | $561K | $248K | — | View 990 |
| 2018 | $1.1M | $511K | $1.0M | $336K | — | View 990 |
| 2017 | $117K | $37K | $92K | $0 | — | View 990 |
| 2016 | $14K | $15K | $19K | $8K | — | View 990 |
| 2015 | $17K | $22K | $14K | $2K | — | View 990 |
| 2014 | $20K | $10K | $17K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $240K, expenses of $257K, and assets of $53K (revenue +20.8% year-over-year).
- 2022: Revenue of $199K, expenses of $207K, and assets of $73K (revenue -24.1% year-over-year).
- 2021: Revenue of $262K, expenses of $268K, and assets of $85K (revenue +12.7% year-over-year).
- 2020: Revenue of $233K, expenses of $471K, and assets of $197K (revenue +36.9% year-over-year).
- 2019: Revenue of $170K, expenses of $548K, and assets of $561K (revenue -84.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $511K, and assets of $1.0M (revenue +846.0% year-over-year).
- 2017: Revenue of $117K, expenses of $37K, and assets of $92K (revenue +750.1% year-over-year).
- 2016: Revenue of $14K, expenses of $15K, and assets of $19K (revenue -20.5% year-over-year).
- 2015: Revenue of $17K, expenses of $22K, and assets of $14K (revenue -11.9% year-over-year).
- 2014: Revenue of $20K, expenses of $10K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for El Sistema Usa:
Data Sources and Methodology
This transparency report for El Sistema Usa 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.