Mars Hill Audio Incorporated
EIN: 541525723 · Charlottesvle, VA · NTEE: A33Z
| Metric | Value |
|---|---|
| Total Revenue | $324K |
| Total Expenses | $223K |
| Net Assets | $368K |
Is Mars Hill Audio Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mars Hill Audio Incorporated
Mars Hill Audio Incorporated (EIN: 541525723) is a nonprofit organization based in Charlottesvle, VA, classified under NTEE code A33Z. The organization reported total revenue of $324K and total assets of $428K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mars Hill Audio Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mars Hill Audio Incorporated is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $401K |
| Total Expenses | $223K |
| Surplus / Deficit | +$177K |
| Total Assets | $426K |
| Total Liabilities | $58K |
| Net Assets | $368K |
| Operating Margin | 44.3% |
| Debt-to-Asset Ratio | 13.6% |
| Months of Reserves | 22.9 months |
Financial Health Grade: A
In 2023, Mars Hill Audio Incorporated reported a surplus of $177K with revenue exceeding expenses, holds 22.9 months of operating reserves (strong position), has a debt-to-asset ratio of 13.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mars Hill Audio Incorporated's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.8% | -4.5% | +43.7% |
| 2022 | -13.9% | -4.4% | +5.1% |
| 2021 | -20.9% | -35.9% | +47.3% |
| 2020 | +10.7% | -3.1% | +12.9% |
| 2019 | -15.8% | -5.7% | -18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mars Hill Audio Incorporated 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 Mars Hill Audio Incorporated 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 $177K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.6%.
Frequently Asked Questions about Mars Hill Audio Incorporated
Is Mars Hill Audio Incorporated a legitimate charity?
Mars Hill Audio Incorporated (EIN: 541525723) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $324K. No red flags identified. Financial health grade: A.
How does Mars Hill Audio Incorporated spend its money?
Mars Hill Audio Incorporated reported $324K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mars Hill Audio Incorporated tax-deductible?
Mars Hill Audio Incorporated is registered as a tax-exempt nonprofit (EIN: 541525723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mars Hill Audio Incorporated located?
Mars Hill Audio Incorporated is headquartered in Charlottesvle, Virginia and files with the IRS under EIN 541525723. It is classified under NTEE code A33Z.
How many years of IRS 990 filings does Mars Hill Audio Incorporated have?
Mars Hill Audio Incorporated has 13 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 $324K in total revenue.
Filing History
IRS 990 filing history for Mars Hill Audio Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mars Hill Audio Incorporated's revenue has declined by 0.3%, moving from $402K to $401K. Total assets increased by 69.7% over the same period, from $251K to $426K. Total functional expenses fell by 40.9%, from $378K to $223K. In its most recent filing year (2023), Mars Hill Audio Incorporated reported a surplus of $177K, with revenue exceeding expenses. The organization holds $58K in liabilities against $426K in assets (debt-to-asset ratio: 13.6%), resulting in net assets of $368K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $401K | $223K | $426K | $58K | — | — |
| 2022 | $280K | $234K | $297K | $106K | — | View 990 |
| 2021 | $326K | $244K | $282K | $139K | — | View 990 |
| 2020 | $412K | $382K | $192K | $131K | — | View 990 |
| 2019 | $372K | $394K | $170K | $140K | — | View 990 |
| 2018 | $442K | $418K | $209K | $157K | — | View 990 |
| 2017 | $442K | $416K | $212K | $184K | — | View 990 |
| 2016 | $374K | $394K | $168K | $168K | — | View 990 |
| 2015 | $346K | $368K | $214K | $194K | — | View 990 |
| 2014 | $353K | $409K | $247K | $205K | — | View 990 |
| 2013 | $376K | $403K | $283K | $185K | — | View 990 |
| 2012 | $428K | $372K | $300K | $174K | — | View 990 |
| 2011 | $402K | $378K | $251K | $181K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $401K, expenses of $223K, and assets of $426K (revenue +42.8% year-over-year).
- 2022: Revenue of $280K, expenses of $234K, and assets of $297K (revenue -13.9% year-over-year).
- 2021: Revenue of $326K, expenses of $244K, and assets of $282K (revenue -20.9% year-over-year).
- 2020: Revenue of $412K, expenses of $382K, and assets of $192K (revenue +10.7% year-over-year).
- 2019: Revenue of $372K, expenses of $394K, and assets of $170K (revenue -15.8% year-over-year).
- 2018: Revenue of $442K, expenses of $418K, and assets of $209K (revenue -0.2% year-over-year).
- 2017: Revenue of $442K, expenses of $416K, and assets of $212K (revenue +18.2% year-over-year).
- 2016: Revenue of $374K, expenses of $394K, and assets of $168K (revenue +8.3% year-over-year).
- 2015: Revenue of $346K, expenses of $368K, and assets of $214K (revenue -2.1% year-over-year).
- 2014: Revenue of $353K, expenses of $409K, and assets of $247K (revenue -6.1% year-over-year).
- 2013: Revenue of $376K, expenses of $403K, and assets of $283K (revenue -12.1% year-over-year).
- 2012: Revenue of $428K, expenses of $372K, and assets of $300K (revenue +6.4% year-over-year).
- 2011: Revenue of $402K, expenses of $378K, and assets of $251K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mars Hill Audio Incorporated:
Data Sources and Methodology
This transparency report for Mars Hill Audio Incorporated 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.