Figueroa Music And Arts Project
EIN: 453245085 · Albuquerque, NM · NTEE: A68
| Metric | Value |
|---|---|
| Total Expenses | $3K |
| Net Assets | $2K |
Is Figueroa Music And Arts Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Figueroa Music And Arts Project
Figueroa Music And Arts Project (EIN: 453245085) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code A68. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Figueroa Music And Arts Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Figueroa Music And Arts Project is a micro nonprofit that has been operating for 14 years, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of -84.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $3K |
| Surplus / Deficit | $-1,519 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -136.1% |
| Months of Reserves | 7.0 months |
Financial Health Grade: B
In 2015, Figueroa Music And Arts Project reported a deficit of $2K with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2012–2015), Figueroa Music And Arts Project's revenue has declined at a compound annual growth rate (CAGR) of -84.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -98.8% | -97.3% | -49.8% |
| 2014 | -74.6% | -74.9% | -24.4% |
| 2013 | +36.2% | +46.4% | -69.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Figueroa Music And Arts Project 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 Figueroa Music And Arts Project 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Frequently Asked Questions about Figueroa Music And Arts Project
Is Figueroa Music And Arts Project a legitimate charity?
Figueroa Music And Arts Project (EIN: 453245085) is a registered tax-exempt nonprofit based in New Mexico. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Figueroa Music And Arts Project spend its money?
Figueroa Music And Arts Project reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Figueroa Music And Arts Project tax-deductible?
Figueroa Music And Arts Project is registered as a tax-exempt nonprofit (EIN: 453245085). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Figueroa Music And Arts Project located?
Figueroa Music And Arts Project is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 453245085. It is classified under NTEE code A68.
How many years of IRS 990 filings does Figueroa Music And Arts Project have?
Figueroa Music And Arts Project has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Figueroa Music And Arts Project showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Figueroa Music And Arts Project's revenue has declined by 99.6%, moving from $276K to $1K. Total assets decreased by 88.3% over the same period, from $13K to $2K. Total functional expenses fell by 99%, from $262K to $3K. In its most recent filing year (2015), Figueroa Music And Arts Project reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1K | $3K | $2K | $0 | — | View 990 |
| 2014 | $96K | $97K | $3K | $0 | — | View 990 |
| 2013 | $375K | $384K | $4K | $0 | — | View 990 |
| 2012 | $276K | $262K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1K, expenses of $3K, and assets of $2K (revenue -98.8% year-over-year).
- 2014: Revenue of $96K, expenses of $97K, and assets of $3K (revenue -74.6% year-over-year).
- 2013: Revenue of $375K, expenses of $384K, and assets of $4K (revenue +36.2% year-over-year).
- 2012: Revenue of $276K, expenses of $262K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Figueroa Music And Arts Project:
Data Sources and Methodology
This transparency report for Figueroa Music And Arts Project 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.