Friday Morning Music Club Foundation Incorporated
EIN: 546060149 · Washington, DC · NTEE: A68I
| Metric | Value |
|---|---|
| Total Revenue | $326K |
| Total Expenses | $83K |
| Net Assets | $640K |
Is Friday Morning Music Club Foundation Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friday Morning Music Club Foundation Incorporated
Friday Morning Music Club Foundation Incorporated (EIN: 546060149) is a nonprofit organization based in Washington, DC, classified under NTEE code A68I. The organization reported total revenue of $326K and total assets of $858K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friday Morning Music Club Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friday Morning Music Club Foundation Incorporated is a small nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $83K |
| Surplus / Deficit | +$2K |
| Total Assets | $658K |
| Total Liabilities | $17K |
| Net Assets | $640K |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 94.6 months |
Financial Health Grade: A
In 2023, Friday Morning Music Club Foundation Incorporated reported a surplus of $2K with revenue exceeding expenses, holds 94.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friday Morning Music Club Foundation Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.9% | -74.0% | -3.2% |
| 2022 | +69.0% | +367.0% | -21.8% |
| 2021 | -6.9% | +90.4% | +11.8% |
| 2020 | +2.4% | -59.9% | +10.6% |
| 2019 | -43.1% | -63.9% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1956 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friday Morning Music Club Foundation Incorporated 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 Friday Morning Music Club Foundation Incorporated 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about Friday Morning Music Club Foundation Incorporated
Is Friday Morning Music Club Foundation Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Friday Morning Music Club Foundation Incorporated (EIN: 546060149) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friday Morning Music Club Foundation Incorporated spend its money?
Detailed spending breakdown data is not yet available for Friday Morning Music Club Foundation Incorporated. Check back for updated IRS 990 analysis.
Are donations to Friday Morning Music Club Foundation Incorporated tax-deductible?
Friday Morning Music Club Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 546060149). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friday Morning Music Club Foundation Incorporated located?
Friday Morning Music Club Foundation Incorporated is headquartered in Washington, Washington DC and files with the IRS under EIN 546060149. It is classified under NTEE code A68I.
How many years of IRS 990 filings does Friday Morning Music Club Foundation Incorporated have?
Friday Morning Music Club Foundation Incorporated 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 $326K in total revenue.
Filing History
IRS 990 filing history for Friday Morning Music Club Foundation Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friday Morning Music Club Foundation Incorporated's revenue has declined by 45.8%, moving from $157K to $85K. Total assets increased by 13.8% over the same period, from $578K to $658K. Total functional expenses fell by 19.6%, from $104K to $83K. In its most recent filing year (2023), Friday Morning Music Club Foundation Incorporated reported a surplus of $2K, with revenue exceeding expenses. The organization holds $17K in liabilities against $658K in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $640K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $83K | $658K | $17K | — | — |
| 2022 | $157K | $321K | $679K | $40K | — | View 990 |
| 2021 | $93K | $69K | $868K | $13K | — | View 990 |
| 2020 | $100K | $36K | $777K | $27K | — | View 990 |
| 2019 | $98K | $90K | $703K | $13K | — | View 990 |
| 2018 | $172K | $250K | $698K | $28K | — | View 990 |
| 2017 | $116K | $72K | $745K | $20K | — | View 990 |
| 2016 | $114K | $89K | $679K | $24K | — | View 990 |
| 2015 | $143K | $230K | $671K | $40K | — | View 990 |
| 2014 | $119K | $96K | $739K | $19K | — | View 990 |
| 2013 | $112K | $89K | $674K | $21K | — | View 990 |
| 2012 | $300K | $238K | $664K | $49K | — | View 990 |
| 2011 | $157K | $104K | $578K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $83K, and assets of $658K (revenue -45.9% year-over-year).
- 2022: Revenue of $157K, expenses of $321K, and assets of $679K (revenue +69.0% year-over-year).
- 2021: Revenue of $93K, expenses of $69K, and assets of $868K (revenue -6.9% year-over-year).
- 2020: Revenue of $100K, expenses of $36K, and assets of $777K (revenue +2.4% year-over-year).
- 2019: Revenue of $98K, expenses of $90K, and assets of $703K (revenue -43.1% year-over-year).
- 2018: Revenue of $172K, expenses of $250K, and assets of $698K (revenue +48.5% year-over-year).
- 2017: Revenue of $116K, expenses of $72K, and assets of $745K (revenue +1.1% year-over-year).
- 2016: Revenue of $114K, expenses of $89K, and assets of $679K (revenue -20.3% year-over-year).
- 2015: Revenue of $143K, expenses of $230K, and assets of $671K (revenue +20.4% year-over-year).
- 2014: Revenue of $119K, expenses of $96K, and assets of $739K (revenue +5.9% year-over-year).
- 2013: Revenue of $112K, expenses of $89K, and assets of $674K (revenue -62.5% year-over-year).
- 2012: Revenue of $300K, expenses of $238K, and assets of $664K (revenue +90.8% year-over-year).
- 2011: Revenue of $157K, expenses of $104K, and assets of $578K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friday Morning Music Club Foundation Incorporated:
Data Sources and Methodology
This transparency report for Friday Morning Music Club Foundation Incorporated 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.