Maine Academy Of Modern Music
EIN: 260835852 · Portland, ME · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $896K |
| Total Expenses | $789K |
| Net Assets | $66K |
Is Maine Academy Of Modern Music Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maine Academy Of Modern Music
Maine Academy Of Modern Music (EIN: 260835852) is a nonprofit organization based in Portland, ME, classified under NTEE code A68. The organization reported total revenue of $896K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Academy Of Modern Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Academy Of Modern Music is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $789K |
| Total Expenses | $789K |
| Surplus / Deficit | +$333 |
| Total Assets | $66K |
| Net Assets | $66K |
| Operating Margin | 0.0% |
| Months of Reserves | 1.0 months |
Financial Health Grade: B
In 2023, Maine Academy Of Modern Music reported a surplus of $333 with revenue exceeding expenses, holds 1.0 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2010–2023), Maine Academy Of Modern Music's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.5% | +16.2% | +0.5% |
| 2022 | +17.2% | +25.7% | -16.5% |
| 2021 | -4.3% | -2.7% | +57.6% |
| 2020 | +24.1% | +15.5% | +374.1% |
| 2019 | +26.4% | +22.5% | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maine Academy Of Modern Music 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 Maine Academy Of Modern Music 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 $333, with revenue exceeding expenses.
Frequently Asked Questions about Maine Academy Of Modern Music
Is Maine Academy Of Modern Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Academy Of Modern Music (EIN: 260835852) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maine Academy Of Modern Music spend its money?
Detailed spending breakdown data is not yet available for Maine Academy Of Modern Music. Check back for updated IRS 990 analysis.
Are donations to Maine Academy Of Modern Music tax-deductible?
Maine Academy Of Modern Music is registered as a tax-exempt nonprofit (EIN: 260835852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maine Academy Of Modern Music located?
Maine Academy Of Modern Music is headquartered in Portland, Maine and files with the IRS under EIN 260835852. It is classified under NTEE code A68.
How many years of IRS 990 filings does Maine Academy Of Modern Music have?
Maine Academy Of Modern Music 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 $896K in total revenue.
Filing History
IRS 990 filing history for Maine Academy Of Modern Music showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Maine Academy Of Modern Music's revenue has grown by 533.4%, moving from $125K to $789K. Total assets increased by 295% over the same period, from $17K to $66K. Total functional expenses rose by 632.9%, from $108K to $789K. In its most recent filing year (2023), Maine Academy Of Modern Music reported a surplus of $333, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $789K | $789K | $66K | $0 | — | — |
| 2022 | $666K | $679K | $65K | $0 | — | View 990 |
| 2021 | $569K | $540K | $78K | $0 | — | View 990 |
| 2020 | $594K | $555K | $50K | $0 | — | View 990 |
| 2019 | $479K | $480K | $10K | $0 | — | View 990 |
| 2018 | $379K | $392K | $12K | $0 | — | View 990 |
| 2017 | $314K | $295K | $25K | $0 | — | — |
| 2016 | $277K | $291K | $6K | $0 | — | View 990 |
| 2015 | $204K | $208K | $20K | $0 | — | View 990 |
| 2014 | $172K | $162K | $23K | $0 | — | View 990 |
| 2013 | $152K | $148K | $14K | $0 | — | View 990 |
| 2012 | $76K | $87K | $10K | $0 | — | View 990 |
| 2011 | $133K | $129K | $20K | $0 | — | View 990 |
| 2010 | $125K | $108K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $789K, expenses of $789K, and assets of $66K (revenue +18.5% year-over-year).
- 2022: Revenue of $666K, expenses of $679K, and assets of $65K (revenue +17.2% year-over-year).
- 2021: Revenue of $569K, expenses of $540K, and assets of $78K (revenue -4.3% year-over-year).
- 2020: Revenue of $594K, expenses of $555K, and assets of $50K (revenue +24.1% year-over-year).
- 2019: Revenue of $479K, expenses of $480K, and assets of $10K (revenue +26.4% year-over-year).
- 2018: Revenue of $379K, expenses of $392K, and assets of $12K (revenue +20.5% year-over-year).
- 2017: Revenue of $314K, expenses of $295K, and assets of $25K (revenue +13.2% year-over-year).
- 2016: Revenue of $277K, expenses of $291K, and assets of $6K (revenue +35.9% year-over-year).
- 2015: Revenue of $204K, expenses of $208K, and assets of $20K (revenue +19.0% year-over-year).
- 2014: Revenue of $172K, expenses of $162K, and assets of $23K (revenue +12.8% year-over-year).
- 2013: Revenue of $152K, expenses of $148K, and assets of $14K (revenue +99.0% year-over-year).
- 2012: Revenue of $76K, expenses of $87K, and assets of $10K (revenue -42.5% year-over-year).
- 2011: Revenue of $133K, expenses of $129K, and assets of $20K (revenue +6.6% year-over-year).
- 2010: Revenue of $125K, expenses of $108K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Academy Of Modern Music:
Data Sources and Methodology
This transparency report for Maine Academy Of Modern Music 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.