Flint Institute Of Music
EIN: 386159482 · Flint, MI · NTEE: A6E0
| Metric | Value |
|---|---|
| Total Revenue | $20.1M |
| Total Expenses | $14.5M |
| Net Assets | $34.2M |
Is Flint Institute Of Music Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Flint Institute Of Music
Flint Institute Of Music (EIN: 386159482) is a nonprofit organization based in Flint, MI, classified under NTEE code A6E0. The organization reported total revenue of $20.1M and total assets of $39.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flint Institute Of Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flint Institute Of Music is a large nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.5M |
| Total Expenses | $14.5M |
| Surplus / Deficit | $-2,052,833 |
| Total Assets | $35.4M |
| Total Liabilities | $1.2M |
| Net Assets | $34.2M |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 29.2 months |
Financial Health Grade: B
In 2023, Flint Institute Of Music reported a deficit of $2.1M with expenses exceeding revenue, holds 29.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Flint Institute Of Music's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.6% | +14.6% | -9.1% |
| 2022 | +83.1% | +111.4% | -1.9% |
| 2021 | +11.5% | -15.0% | +23.6% |
| 2020 | -18.3% | -0.9% | +10.1% |
| 2019 | +43.2% | +10.0% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Flint Institute Of Music 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 Flint Institute Of Music 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 $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.4%.
Frequently Asked Questions about Flint Institute Of Music
Is Flint Institute Of Music a legitimate charity?
Flint Institute Of Music (EIN: 386159482) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $20.1M. No red flags identified. Financial health grade: B.
How does Flint Institute Of Music spend its money?
Flint Institute Of Music reported $20.1M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Flint Institute Of Music tax-deductible?
Flint Institute Of Music is registered as a tax-exempt nonprofit (EIN: 386159482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Flint Institute Of Music located?
Flint Institute Of Music is headquartered in Flint, Michigan and files with the IRS under EIN 386159482. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Flint Institute Of Music have?
Flint Institute Of Music 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 $20.1M in total revenue.
Filing History
IRS 990 filing history for Flint Institute Of Music showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Flint Institute Of Music's revenue has grown by 123.6%, moving from $5.6M to $12.5M. Total assets decreased by 7.9% over the same period, from $38.4M to $35.4M. Total functional expenses rose by 150.7%, from $5.8M to $14.5M. In its most recent filing year (2023), Flint Institute Of Music reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $35.4M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $34.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.5M | $14.5M | $35.4M | $1.2M | — | View 990 |
| 2022 | $17.2M | $12.7M | $38.9M | $1.2M | — | View 990 |
| 2021 | $9.4M | $6.0M | $39.7M | $306K | — | — |
| 2020 | $8.4M | $7.1M | $32.1M | $1.1M | — | View 990 |
| 2019 | $10.3M | $7.1M | $29.2M | $264K | — | View 990 |
| 2018 | $7.2M | $6.5M | $27.9M | $269K | — | View 990 |
| 2017 | $7.2M | $6.5M | $26.5M | $313K | — | View 990 |
| 2016 | $8.5M | $6.4M | $24.4M | $364K | — | View 990 |
| 2015 | $6.5M | $6.2M | $32.6M | $268K | — | View 990 |
| 2014 | $6.6M | $6.5M | $32.1M | $227K | — | View 990 |
| 2013 | $5.8M | $6.2M | $30.7M | $294K | — | View 990 |
| 2012 | $5.7M | $6.2M | $36.2M | $418K | — | View 990 |
| 2011 | $5.6M | $5.8M | $38.4M | $302K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.5M, expenses of $14.5M, and assets of $35.4M (revenue -27.6% year-over-year).
- 2022: Revenue of $17.2M, expenses of $12.7M, and assets of $38.9M (revenue +83.1% year-over-year).
- 2021: Revenue of $9.4M, expenses of $6.0M, and assets of $39.7M (revenue +11.5% year-over-year).
- 2020: Revenue of $8.4M, expenses of $7.1M, and assets of $32.1M (revenue -18.3% year-over-year).
- 2019: Revenue of $10.3M, expenses of $7.1M, and assets of $29.2M (revenue +43.2% year-over-year).
- 2018: Revenue of $7.2M, expenses of $6.5M, and assets of $27.9M (revenue +0.9% year-over-year).
- 2017: Revenue of $7.2M, expenses of $6.5M, and assets of $26.5M (revenue -15.8% year-over-year).
- 2016: Revenue of $8.5M, expenses of $6.4M, and assets of $24.4M (revenue +31.7% year-over-year).
- 2015: Revenue of $6.5M, expenses of $6.2M, and assets of $32.6M (revenue -2.3% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.5M, and assets of $32.1M (revenue +14.1% year-over-year).
- 2013: Revenue of $5.8M, expenses of $6.2M, and assets of $30.7M (revenue +2.2% year-over-year).
- 2012: Revenue of $5.7M, expenses of $6.2M, and assets of $36.2M (revenue +1.5% year-over-year).
- 2011: Revenue of $5.6M, expenses of $5.8M, and assets of $38.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flint Institute Of Music:
Data Sources and Methodology
This transparency report for Flint Institute Of Music 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.