Greater Des Moines Music Coalition Inc
Greater Des Moines Music Coalition Inc. faces recent operating deficits despite consistent revenue generation.
EIN: 202771022 · Des Moines, IA · NTEE: A682 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $490K |
| Total Expenses | $1.0M |
| Program Spending | 80% |
| Net Assets | $36K |
| Transparency Score | 75/100 |
Is Greater Des Moines Music Coalition Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Des Moines Music Coalition Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Des Moines Music Coalition Inc
Greater Des Moines Music Coalition Inc (EIN: 202771022) is a nonprofit organization based in Des Moines, IA, classified under NTEE code A682. The organization reported total revenue of $490K and total assets of $47K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Des Moines Music Coalition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Des Moines Music Coalition Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $898K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-113,629 |
| Total Assets | $88K |
| Total Liabilities | $53K |
| Net Assets | $36K |
| Operating Margin | -12.7% |
| Debt-to-Asset Ratio | 59.7% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2023, Greater Des Moines Music Coalition Inc reported a deficit of $114K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 59.7% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Greater Des Moines Music Coalition Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.7% | -28.3% | -42.4% |
| 2022 | +52.6% | +253.2% | -65.6% |
| 2021 | +218.2% | +108.9% | +313.6% |
| 2020 | -74.8% | -80.8% | +57.3% |
| 2019 | -11.0% | -2.3% | -55.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Des Moines Music Coalition Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Greater Des Moines Music Coalition Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $114K, with expenses exceeding revenue.
- Debt-to-asset ratio: 59.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for resource allocation relative to the organization's size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Greater Des Moines Music Coalition Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $1,011,521 vs. revenue $897,892).
- Significant decline in assets from $444,756 in 2021 to $88,049 in 2023.
- High volatility in annual revenue and expenses, suggesting unpredictable financial planning.
Strengths
The following positive indicators were identified for Greater Des Moines Music Coalition Inc:
- 0% officer compensation reported across all filings, indicating efficient use of funds for mission.
- Consistent filing of IRS 990s, demonstrating good transparency.
- History of generating substantial revenue, often exceeding $1 million in prior years.
Frequently Asked Questions about Greater Des Moines Music Coalition Inc
Is Greater Des Moines Music Coalition Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Des Moines Music Coalition Inc (EIN: 202771022) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Greater Des Moines Music Coalition Inc spend its money?
Greater Des Moines Music Coalition Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Des Moines Music Coalition Inc tax-deductible?
Greater Des Moines Music Coalition Inc is registered as a tax-exempt nonprofit (EIN: 202771022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Des Moines Music Coalition Inc's spending goes to programs?
Greater Des Moines Music Coalition Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Des Moines Music Coalition Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Greater Des Moines Music Coalition Inc is above average for NTEE category A682 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Des Moines Music Coalition Inc located?
Greater Des Moines Music Coalition Inc is headquartered in Des Moines, Iowa and files with the IRS under EIN 202771022. It is classified under NTEE code A682.
How many years of IRS 990 filings does Greater Des Moines Music Coalition Inc have?
Greater Des Moines Music Coalition Inc has 12 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 $490K in total revenue.
Is Greater Des Moines Music Coalition Inc. financially stable?
The organization has experienced operating deficits in recent years (e.g., $1,011,521 expenses vs. $897,892 revenue in 2023), and its assets have significantly decreased from $444,756 in 2021 to $88,049 in 2023, suggesting potential financial instability.
How does the organization manage its executive compensation?
The organization consistently reports 0% officer compensation, indicating that no officers are paid, which is a strong positive for resource allocation.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have shown significant fluctuations, with recent years (2022, 2023) showing expenses exceeding revenue, contrasting with periods like 2021 where revenue ($732,872) significantly exceeded expenses ($399,316).
Are the organization's assets growing or shrinking?
The organization's assets have significantly shrunk in recent years, from a high of $444,756 in 2021 to $88,049 in 2023, indicating a decline in its financial reserves.
Filing History
IRS 990 filing history for Greater Des Moines Music Coalition Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Greater Des Moines Music Coalition Inc's revenue has grown by 39.9%, moving from $642K to $898K. Total assets increased by 175.9% over the same period, from $32K to $88K. Total functional expenses rose by 64.4%, from $615K to $1.0M. In its most recent filing year (2023), Greater Des Moines Music Coalition Inc reported a deficit of $114K, with expenses exceeding revenue. The organization holds $53K in liabilities against $88K in assets (debt-to-asset ratio: 59.7%), resulting in net assets of $36K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $898K | $1.0M | $88K | $53K | — | — |
| 2022 | $1.1M | $1.4M | $153K | $4K | — | View 990 |
| 2021 | $733K | $399K | $445K | $4K | — | View 990 |
| 2020 | $230K | $191K | $108K | $0 | — | — |
| 2019 | $913K | $998K | $68K | $0 | — | View 990 |
| 2018 | $1.0M | $1.0M | $153K | $0 | — | View 990 |
| 2017 | $887K | $966K | $149K | $0 | — | — |
| 2016 | $771K | $921K | $229K | $0 | — | View 990 |
| 2015 | $1.2M | $1.0M | $379K | $0 | — | View 990 |
| 2014 | $893K | $859K | $223K | $0 | — | View 990 |
| 2012 | $796K | $671K | $160K | $0 | — | View 990 |
| 2011 | $642K | $615K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $898K, expenses of $1.0M, and assets of $88K (revenue -19.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.4M, and assets of $153K (revenue +52.6% year-over-year).
- 2021: Revenue of $733K, expenses of $399K, and assets of $445K (revenue +218.2% year-over-year).
- 2020: Revenue of $230K, expenses of $191K, and assets of $108K (revenue -74.8% year-over-year).
- 2019: Revenue of $913K, expenses of $998K, and assets of $68K (revenue -11.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $153K (revenue +15.7% year-over-year).
- 2017: Revenue of $887K, expenses of $966K, and assets of $149K (revenue +14.9% year-over-year).
- 2016: Revenue of $771K, expenses of $921K, and assets of $229K (revenue -33.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.0M, and assets of $379K (revenue +29.6% year-over-year).
- 2014: Revenue of $893K, expenses of $859K, and assets of $223K (revenue +12.2% year-over-year).
- 2012: Revenue of $796K, expenses of $671K, and assets of $160K (revenue +24.0% year-over-year).
- 2011: Revenue of $642K, expenses of $615K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Des Moines Music Coalition Inc:
Data Sources and Methodology
This transparency report for Greater Des Moines 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.