Future Of Music Coalition Inc
EIN: 522328568 · Washington, DC · NTEE: A056
| Metric | Value |
|---|---|
| Total Revenue | $57K |
| Total Expenses | $97K |
| Net Assets | $4K |
Is Future Of Music Coalition Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Future Of Music Coalition Inc
Future Of Music Coalition Inc (EIN: 522328568) is a nonprofit organization based in Washington, DC, classified under NTEE code A056. The organization reported total revenue of $57K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Future Of Music Coalition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Future Of Music Coalition Inc is a micro nonprofit that has been operating for 25 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -30.9%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $97K |
| Surplus / Deficit | $-40,555 |
| Total Assets | $5K |
| Total Liabilities | $1K |
| Net Assets | $4K |
| Operating Margin | -71.3% |
| Debt-to-Asset Ratio | 21.8% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2017, Future Of Music Coalition Inc reported a deficit of $41K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 21.8% (moderate leverage).
Financial Trends
Over 7 years of filings (2011–2017), Future Of Music Coalition Inc's revenue has declined at a compound annual growth rate (CAGR) of -30.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -65.0% | -43.3% | -89.5% |
| 2016 | -32.5% | -36.2% | -17.8% |
| 2015 | -51.7% | -46.0% | -47.5% |
| 2014 | -19.0% | -15.4% | -17.2% |
| 2013 | +6.9% | -2.5% | -44.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Future Of Music Coalition Inc 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 Future Of Music Coalition Inc 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.8%.
Frequently Asked Questions about Future Of Music Coalition Inc
Is Future Of Music Coalition Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Future Of Music Coalition Inc (EIN: 522328568) insufficient data. 0 red flags identified, 0 strengths noted.
How does Future Of Music Coalition Inc spend its money?
Detailed spending breakdown data is not yet available for Future Of Music Coalition Inc. Check back for updated IRS 990 analysis.
Are donations to Future Of Music Coalition Inc tax-deductible?
Future Of Music Coalition Inc is registered as a tax-exempt nonprofit (EIN: 522328568). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Future Of Music Coalition Inc located?
Future Of Music Coalition Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 522328568. It is classified under NTEE code A056.
How many years of IRS 990 filings does Future Of Music Coalition Inc have?
Future Of Music Coalition Inc has 7 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 $57K in total revenue.
Filing History
IRS 990 filing history for Future Of Music Coalition Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Future Of Music Coalition Inc's revenue has declined by 89.2%, moving from $525K to $57K. Total assets decreased by 95.6% over the same period, from $110K to $5K. Total functional expenses fell by 85.6%, from $678K to $97K. In its most recent filing year (2017), Future Of Music Coalition Inc reported a deficit of $41K, with expenses exceeding revenue. The organization holds $1K in liabilities against $5K in assets (debt-to-asset ratio: 21.8%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $57K | $97K | $5K | $1K | — | View 990 |
| 2016 | $162K | $172K | $46K | $2K | — | View 990 |
| 2015 | $241K | $270K | $56K | $2K | — | View 990 |
| 2014 | $498K | $499K | $106K | $23K | — | View 990 |
| 2013 | $614K | $590K | $128K | $44K | — | View 990 |
| 2012 | $575K | $605K | $230K | $170K | — | View 990 |
| 2011 | $525K | $678K | $110K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $57K, expenses of $97K, and assets of $5K (revenue -65.0% year-over-year).
- 2016: Revenue of $162K, expenses of $172K, and assets of $46K (revenue -32.5% year-over-year).
- 2015: Revenue of $241K, expenses of $270K, and assets of $56K (revenue -51.7% year-over-year).
- 2014: Revenue of $498K, expenses of $499K, and assets of $106K (revenue -19.0% year-over-year).
- 2013: Revenue of $614K, expenses of $590K, and assets of $128K (revenue +6.9% year-over-year).
- 2012: Revenue of $575K, expenses of $605K, and assets of $230K (revenue +9.6% year-over-year).
- 2011: Revenue of $525K, expenses of $678K, and assets of $110K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Future Of Music Coalition Inc:
Data Sources and Methodology
This transparency report for Future Of Music Coalition 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.