Guitars Over Guns Operation Inc
EIN: 262644682 · Miami, FL · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $3.5M |
| Net Assets | $3.2M |
Is Guitars Over Guns Operation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Guitars Over Guns Operation Inc
Guitars Over Guns Operation Inc (EIN: 262644682) is a nonprofit organization based in Miami, FL, classified under NTEE code O50. The organization reported total revenue of $5.4M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Guitars Over Guns Operation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Guitars Over Guns Operation Inc is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 78.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$272K |
| Total Assets | $3.2M |
| Total Liabilities | $46K |
| Net Assets | $3.2M |
| Operating Margin | 7.2% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 11.0 months |
Financial Health Grade: A
In 2023, Guitars Over Guns Operation Inc reported a surplus of $272K with revenue exceeding expenses, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Guitars Over Guns Operation Inc's revenue has grown at a compound annual growth rate (CAGR) of 78.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.3% | +31.2% | +10.8% |
| 2022 | +21.0% | +17.9% | +29.9% |
| 2021 | +22.0% | +47.3% | +24.1% |
| 2020 | +45.2% | +39.0% | +88.2% |
| 2019 | +89.0% | +97.9% | +94.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Guitars Over Guns Operation 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 Guitars Over Guns Operation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $272K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Guitars Over Guns Operation Inc
Is Guitars Over Guns Operation Inc a legitimate charity?
Guitars Over Guns Operation Inc (EIN: 262644682) is a registered tax-exempt nonprofit based in Florida. It has 11 years of IRS 990 filings on record. Total revenue: $5.4M. No red flags identified. Financial health grade: A.
How does Guitars Over Guns Operation Inc spend its money?
Guitars Over Guns Operation Inc reported $5.4M in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Guitars Over Guns Operation Inc tax-deductible?
Guitars Over Guns Operation Inc is registered as a tax-exempt nonprofit (EIN: 262644682). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Guitars Over Guns Operation Inc located?
Guitars Over Guns Operation Inc is headquartered in Miami, Florida and files with the IRS under EIN 262644682. It is classified under NTEE code O50.
How many years of IRS 990 filings does Guitars Over Guns Operation Inc have?
Guitars Over Guns Operation Inc has 11 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 $5.4M in total revenue.
Filing History
IRS 990 filing history for Guitars Over Guns Operation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Guitars Over Guns Operation Inc's revenue has grown by 32276.7%, moving from $12K to $3.8M. Total assets increased by 38924% over the same period, from $8K to $3.2M. Total functional expenses rose by 101806.5%, from $3K to $3.5M. In its most recent filing year (2023), Guitars Over Guns Operation Inc reported a surplus of $272K, with revenue exceeding expenses. The organization holds $46K in liabilities against $3.2M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.5M | $3.2M | $46K | — | View 990 |
| 2022 | $3.4M | $2.7M | $2.9M | $12K | — | View 990 |
| 2021 | $2.8M | $2.3M | $2.2M | $35K | — | View 990 |
| 2020 | $2.3M | $1.5M | $1.8M | $113K | — | View 990 |
| 2019 | $1.6M | $1.1M | $954K | $0 | — | View 990 |
| 2018 | $828K | $558K | $490K | $0 | — | View 990 |
| 2017 | $333K | $283K | $191K | $110 | — | — |
| 2016 | $434K | $409K | $144K | $3K | — | — |
| 2015 | $232K | $230K | $132K | $17K | — | — |
| 2014 | $150K | $57K | $114K | $0 | — | View 990 |
| 2013 | $12K | $3K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.5M, and assets of $3.2M (revenue +12.3% year-over-year).
- 2022: Revenue of $3.4M, expenses of $2.7M, and assets of $2.9M (revenue +21.0% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.3M, and assets of $2.2M (revenue +22.0% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.5M, and assets of $1.8M (revenue +45.2% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.1M, and assets of $954K (revenue +89.0% year-over-year).
- 2018: Revenue of $828K, expenses of $558K, and assets of $490K (revenue +148.5% year-over-year).
- 2017: Revenue of $333K, expenses of $283K, and assets of $191K (revenue -23.3% year-over-year).
- 2016: Revenue of $434K, expenses of $409K, and assets of $144K (revenue +87.6% year-over-year).
- 2015: Revenue of $232K, expenses of $230K, and assets of $132K (revenue +54.3% year-over-year).
- 2014: Revenue of $150K, expenses of $57K, and assets of $114K (revenue +1188.2% year-over-year).
- 2013: Revenue of $12K, expenses of $3K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Guitars Over Guns Operation Inc:
Data Sources and Methodology
This transparency report for Guitars Over Guns Operation 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.