Indian Music Society Ofminnesota
EIN: 411385526 · Minneapolis, MN
| Metric | Value |
|---|---|
| Total Revenue | $137K |
| Total Expenses | $68K |
| Net Assets | $227K |
Is Indian Music Society Ofminnesota Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Indian Music Society Ofminnesota
Indian Music Society Ofminnesota (EIN: 411385526) is a nonprofit organization based in Minneapolis, MN. The organization reported total revenue of $137K and total assets of $282K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indian Music Society Ofminnesota's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indian Music Society Ofminnesota is a small nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $68K |
| Surplus / Deficit | +$18K |
| Total Assets | $227K |
| Net Assets | $227K |
| Operating Margin | 21.3% |
| Months of Reserves | 40.0 months |
Financial Health Grade: A
In 2023, Indian Music Society Ofminnesota reported a surplus of $18K with revenue exceeding expenses, holds 40.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Indian Music Society Ofminnesota's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.7% | -13.7% | +8.9% |
| 2022 | +266.5% | +123.5% | +137.7% |
| 2021 | +94.5% | +169.7% | +28.0% |
| 2020 | -48.7% | -71.5% | +27.9% |
| 2019 | +54.6% | +44.9% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Indian Music Society Ofminnesota 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 Indian Music Society Ofminnesota 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 $18K, with revenue exceeding expenses.
Frequently Asked Questions about Indian Music Society Ofminnesota
Is Indian Music Society Ofminnesota a legitimate charity?
Indian Music Society Ofminnesota (EIN: 411385526) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $137K. No red flags identified. Financial health grade: A.
How does Indian Music Society Ofminnesota spend its money?
Indian Music Society Ofminnesota reported $137K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Indian Music Society Ofminnesota tax-deductible?
Indian Music Society Ofminnesota is registered as a tax-exempt nonprofit (EIN: 411385526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Indian Music Society Ofminnesota located?
Indian Music Society Ofminnesota is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411385526.
How many years of IRS 990 filings does Indian Music Society Ofminnesota have?
Indian Music Society Ofminnesota 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 $137K in total revenue.
Filing History
IRS 990 filing history for Indian Music Society Ofminnesota showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Indian Music Society Ofminnesota's revenue has grown by 162.5%, moving from $33K to $87K. Total assets increased by 1231.6% over the same period, from $17K to $227K. Total functional expenses rose by 100.7%, from $34K to $68K. In its most recent filing year (2023), Indian Music Society Ofminnesota reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $68K | $227K | $0 | — | View 990 |
| 2022 | $200K | $79K | $209K | $0 | — | View 990 |
| 2021 | $55K | $35K | $88K | $0 | — | View 990 |
| 2020 | $28K | $13K | $69K | $0 | — | View 990 |
| 2019 | $55K | $46K | $54K | $0 | — | View 990 |
| 2018 | $35K | $32K | $45K | $0 | — | View 990 |
| 2017 | $47K | $37K | $41K | $0 | — | View 990 |
| 2016 | $48K | $40K | $32K | $0 | — | View 990 |
| 2015 | $43K | $32K | $24K | $0 | — | View 990 |
| 2014 | $34K | $38K | $14K | $0 | — | View 990 |
| 2013 | $39K | $41K | $17K | $0 | — | View 990 |
| 2012 | $38K | $37K | $20K | $0 | — | View 990 |
| 2011 | $33K | $31K | $19K | $0 | — | View 990 |
| 2010 | $33K | $34K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87K, expenses of $68K, and assets of $227K (revenue -56.7% year-over-year).
- 2022: Revenue of $200K, expenses of $79K, and assets of $209K (revenue +266.5% year-over-year).
- 2021: Revenue of $55K, expenses of $35K, and assets of $88K (revenue +94.5% year-over-year).
- 2020: Revenue of $28K, expenses of $13K, and assets of $69K (revenue -48.7% year-over-year).
- 2019: Revenue of $55K, expenses of $46K, and assets of $54K (revenue +54.6% year-over-year).
- 2018: Revenue of $35K, expenses of $32K, and assets of $45K (revenue -25.0% year-over-year).
- 2017: Revenue of $47K, expenses of $37K, and assets of $41K (revenue -0.9% year-over-year).
- 2016: Revenue of $48K, expenses of $40K, and assets of $32K (revenue +10.7% year-over-year).
- 2015: Revenue of $43K, expenses of $32K, and assets of $24K (revenue +26.1% year-over-year).
- 2014: Revenue of $34K, expenses of $38K, and assets of $14K (revenue -12.2% year-over-year).
- 2013: Revenue of $39K, expenses of $41K, and assets of $17K (revenue +2.8% year-over-year).
- 2012: Revenue of $38K, expenses of $37K, and assets of $20K (revenue +13.2% year-over-year).
- 2011: Revenue of $33K, expenses of $31K, and assets of $19K (revenue +0.9% year-over-year).
- 2010: Revenue of $33K, expenses of $34K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indian Music Society Ofminnesota:
Data Sources and Methodology
This transparency report for Indian Music Society Ofminnesota 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.