Greater Anderson Musical Arts Consortium
EIN: 570942964 · Anderson, SC · NTEE: A68L
| Metric | Value |
|---|---|
| Total Revenue | $244K |
| Total Expenses | $219K |
| Net Assets | $93K |
Is Greater Anderson Musical Arts Consortium Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Anderson Musical Arts Consortium
Greater Anderson Musical Arts Consortium (EIN: 570942964) is a nonprofit organization based in Anderson, SC, classified under NTEE code A68L. The organization reported total revenue of $244K and total assets of $113K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Anderson Musical Arts Consortium's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Anderson Musical Arts Consortium is a small nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $219K |
| Surplus / Deficit | $-44,168 |
| Total Assets | $108K |
| Total Liabilities | $14K |
| Net Assets | $93K |
| Operating Margin | -25.3% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2024, Greater Anderson Musical Arts Consortium reported a deficit of $44K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Greater Anderson Musical Arts Consortium's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.7% | +7.6% | -16.5% |
| 2023 | -34.8% | +10.9% | -20.7% |
| 2022 | +46.6% | +56.4% | +44.9% |
| 2021 | -31.6% | -40.9% | +45.4% |
| 2020 | +13.1% | -3.1% | +101.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Anderson Musical Arts Consortium 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 Greater Anderson Musical Arts Consortium 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.4%.
Frequently Asked Questions about Greater Anderson Musical Arts Consortium
Is Greater Anderson Musical Arts Consortium a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Anderson Musical Arts Consortium (EIN: 570942964) insufficient data. 0 red flags identified, 0 strengths noted.
How does Greater Anderson Musical Arts Consortium spend its money?
Detailed spending breakdown data is not yet available for Greater Anderson Musical Arts Consortium. Check back for updated IRS 990 analysis.
Are donations to Greater Anderson Musical Arts Consortium tax-deductible?
Greater Anderson Musical Arts Consortium is registered as a tax-exempt nonprofit (EIN: 570942964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Anderson Musical Arts Consortium located?
Greater Anderson Musical Arts Consortium is headquartered in Anderson, South Carolina and files with the IRS under EIN 570942964. It is classified under NTEE code A68L.
How many years of IRS 990 filings does Greater Anderson Musical Arts Consortium have?
Greater Anderson Musical Arts Consortium has 14 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 $244K in total revenue.
Filing History
IRS 990 filing history for Greater Anderson Musical Arts Consortium showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Greater Anderson Musical Arts Consortium's revenue has declined by 35.6%, moving from $271K to $175K. Total assets increased by 325.8% over the same period, from $25K to $108K. Total functional expenses fell by 15.9%, from $260K to $219K. In its most recent filing year (2024), Greater Anderson Musical Arts Consortium reported a deficit of $44K, with expenses exceeding revenue. The organization holds $14K in liabilities against $108K in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $93K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $175K | $219K | $108K | $14K | — | — |
| 2023 | $156K | $203K | $129K | $9K | — | View 990 |
| 2022 | $240K | $183K | $163K | $8K | — | View 990 |
| 2021 | $164K | $117K | $112K | $3K | — | View 990 |
| 2020 | $239K | $198K | $77K | $21K | — | View 990 |
| 2019 | $212K | $205K | $38K | $24K | — | View 990 |
| 2018 | $202K | $229K | $59K | $54K | — | View 990 |
| 2017 | $167K | $241K | $49K | $20K | — | View 990 |
| 2016 | $257K | $267K | $122K | $26K | — | View 990 |
| 2015 | $251K | $249K | $125K | $16K | — | View 990 |
| 2014 | $206K | $233K | $131K | $29K | — | View 990 |
| 2013 | $210K | $267K | $146K | $34K | — | View 990 |
| 2012 | $271K | $270K | $188K | $37K | — | View 990 |
| 2011 | $271K | $260K | $25K | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $175K, expenses of $219K, and assets of $108K (revenue +11.7% year-over-year).
- 2023: Revenue of $156K, expenses of $203K, and assets of $129K (revenue -34.8% year-over-year).
- 2022: Revenue of $240K, expenses of $183K, and assets of $163K (revenue +46.6% year-over-year).
- 2021: Revenue of $164K, expenses of $117K, and assets of $112K (revenue -31.6% year-over-year).
- 2020: Revenue of $239K, expenses of $198K, and assets of $77K (revenue +13.1% year-over-year).
- 2019: Revenue of $212K, expenses of $205K, and assets of $38K (revenue +4.6% year-over-year).
- 2018: Revenue of $202K, expenses of $229K, and assets of $59K (revenue +21.0% year-over-year).
- 2017: Revenue of $167K, expenses of $241K, and assets of $49K (revenue -35.0% year-over-year).
- 2016: Revenue of $257K, expenses of $267K, and assets of $122K (revenue +2.6% year-over-year).
- 2015: Revenue of $251K, expenses of $249K, and assets of $125K (revenue +21.9% year-over-year).
- 2014: Revenue of $206K, expenses of $233K, and assets of $131K (revenue -2.1% year-over-year).
- 2013: Revenue of $210K, expenses of $267K, and assets of $146K (revenue -22.3% year-over-year).
- 2012: Revenue of $271K, expenses of $270K, and assets of $188K (revenue -0.2% year-over-year).
- 2011: Revenue of $271K, expenses of $260K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Anderson Musical Arts Consortium:
Data Sources and Methodology
This transparency report for Greater Anderson Musical Arts Consortium 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.