Jackson Music Awards Association Inc
Jackson Music Awards Association Inc. shows fluctuating revenues and tight operating margins, with volunteer leadership.
EIN: 200706580 · Jackson, MS · NTEE: A196 · Updated: 2026-03-28
Is Jackson Music Awards Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jackson Music Awards Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Jackson Music Awards Association Inc
Jackson Music Awards Association Inc (EIN: 200706580) is a nonprofit organization based in Jackson, MS, classified under NTEE code A196. The organization reported total revenue of $46K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jackson Music Awards Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jackson Music Awards Association Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Jackson Music Awards Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's officers are unpaid volunteers. This is a positive sign for a small organization with fluctuating revenues, as it ensures donor funds are not used for executive salaries.
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 Jackson Music Awards Association Inc's IRS 990 filings:
- Inconsistent revenue generation, including zero revenue in 2020
- Periods of negative net assets (e.g., 2019, 2018)
- Expenses occasionally exceeding revenue (e.g., 2023, 2019, 2018)
Strengths
The following positive indicators were identified for Jackson Music Awards Association Inc:
- Consistent 0% officer compensation, indicating volunteer leadership
- Regular IRS 990 filings, demonstrating transparency in reporting
- Recent positive net assets of $11,345 in 2023
Frequently Asked Questions about Jackson Music Awards Association Inc
Is Jackson Music Awards Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jackson Music Awards Association Inc (EIN: 200706580) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Jackson Music Awards Association Inc spend its money?
Jackson Music Awards Association Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jackson Music Awards Association Inc tax-deductible?
Jackson Music Awards Association Inc is registered as a tax-exempt nonprofit (EIN: 200706580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jackson Music Awards Association Inc. financially stable?
The organization's financial stability is inconsistent. While it reported positive net assets of $11,345 in 2023, it has experienced periods of negative assets and significant revenue fluctuations, including zero revenue in 2020.
How does the organization manage its expenses?
In 2023, expenses ($81,332) slightly exceeded revenue ($79,994), indicating a tight operating margin. Without a detailed breakdown of expenses, it's challenging to assess specific spending efficiency across programs, administration, and fundraising.
Does the organization pay its executives?
No, the organization consistently reports 0% officer compensation, indicating that its leadership serves on a volunteer basis.
What caused the negative assets in previous years?
The negative assets reported in years like 2019 ($-2,623) and 2018 ($-3,065) suggest that liabilities exceeded assets during those periods, potentially due to expenses outpacing revenue or accumulated debt.
Filing History
IRS 990 filing history for Jackson Music Awards Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jackson Music Awards Association Inc's revenue has grown by 57.9%, moving from $51K to $80K. Total assets increased by 190.4% over the same period, from $4K to $11K. Total functional expenses rose by 74%, from $47K to $81K. In its most recent filing year (2023), Jackson Music Awards Association Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $5K in liabilities against $11K in assets (debt-to-asset ratio: 42.1%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $81K | $11K | $5K | — | View 990 |
| 2022 | $42K | $37K | $8K | $0 | — | — |
| 2021 | $42K | $38K | $2K | $0 | — | — |
| 2020 | $0 | $0 | $0 | $0 | — | View 990 |
| 2019 | $27K | $31K | $-2,623 | $0 | — | View 990 |
| 2018 | $26K | $31K | $-3,065 | $0 | — | View 990 |
| 2017 | $60K | $58K | $2K | $0 | — | View 990 |
| 2016 | $42K | $0 | $122 | $0 | — | View 990 |
| 2015 | $40K | $40K | $122 | $0 | — | View 990 |
| 2014 | $19K | $19K | $-100 | $0 | — | View 990 |
| 2013 | $27K | $26K | $2K | $0 | — | View 990 |
| 2012 | $50K | $54K | $-205 | $0 | — | View 990 |
| 2011 | $51K | $47K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $81K, and assets of $11K (revenue +88.6% year-over-year).
- 2022: Revenue of $42K, expenses of $37K, and assets of $8K (revenue -0.1% year-over-year).
- 2021: Revenue of $42K, expenses of $38K, and assets of $2K.
- 2020: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2019: Revenue of $27K, expenses of $31K, and assets of $-2,623 (revenue +1.7% year-over-year).
- 2018: Revenue of $26K, expenses of $31K, and assets of $-3,065 (revenue -56.2% year-over-year).
- 2017: Revenue of $60K, expenses of $58K, and assets of $2K (revenue +40.8% year-over-year).
- 2016: Revenue of $42K, expenses of $0, and assets of $122 (revenue +5.3% year-over-year).
- 2015: Revenue of $40K, expenses of $40K, and assets of $122 (revenue +108.5% year-over-year).
- 2014: Revenue of $19K, expenses of $19K, and assets of $-100 (revenue -28.0% year-over-year).
- 2013: Revenue of $27K, expenses of $26K, and assets of $2K (revenue -46.9% year-over-year).
- 2012: Revenue of $50K, expenses of $54K, and assets of $-205 (revenue -0.5% year-over-year).
- 2011: Revenue of $51K, expenses of $47K, and assets of $4K.
Data Sources and Methodology
This transparency report for Jackson Music Awards Association 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.