Michael J Owen Music Education Fund
EIN: 461209435 · Seattle, WA · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $287K |
| Total Expenses | $65K |
| Net Assets | $436K |
Is Michael J Owen Music Education Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michael J Owen Music Education Fund
Michael J Owen Music Education Fund (EIN: 461209435) is a nonprofit organization based in Seattle, WA, classified under NTEE code A68. The organization reported total revenue of $287K and total assets of $640K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael J Owen Music Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael J Owen Music Education Fund is a small nonprofit that has been operating for 13 years, with 6 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $65K |
| Surplus / Deficit | +$50K |
| Total Assets | $436K |
| Net Assets | $436K |
| Operating Margin | 43.2% |
| Months of Reserves | 79.9 months |
Financial Health Grade: A
In 2024, Michael J Owen Music Education Fund reported a surplus of $50K with revenue exceeding expenses, holds 79.9 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2015–2024), Michael J Owen Music Education Fund's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +21.2% | +17.7% | +12.9% |
| 2023 | +1.1% | +32.0% | +15.7% |
| 2020 | -55.4% | +49.9% | +17.0% |
| 2017 | +174.3% | -0.7% | +177.8% |
| 2016 | +85.7% | +144.1% | +89.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michael J Owen Music Education Fund 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 Michael J Owen Music Education Fund 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $50K, with revenue exceeding expenses.
Frequently Asked Questions about Michael J Owen Music Education Fund
Is Michael J Owen Music Education Fund a legitimate charity?
Michael J Owen Music Education Fund (EIN: 461209435) is a registered tax-exempt nonprofit based in Washington. It has 6 years of IRS 990 filings on record. Total revenue: $287K. No red flags identified. Financial health grade: A.
How does Michael J Owen Music Education Fund spend its money?
Michael J Owen Music Education Fund reported $287K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Michael J Owen Music Education Fund tax-deductible?
Michael J Owen Music Education Fund is registered as a tax-exempt nonprofit (EIN: 461209435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michael J Owen Music Education Fund located?
Michael J Owen Music Education Fund is headquartered in Seattle, Washington and files with the IRS under EIN 461209435. It is classified under NTEE code A68.
How many years of IRS 990 filings does Michael J Owen Music Education Fund have?
Michael J Owen Music Education Fund has 6 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 $287K in total revenue.
Filing History
IRS 990 filing history for Michael J Owen Music Education Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2024), Michael J Owen Music Education Fund's revenue has grown by 178.4%, moving from $41K to $115K. Total assets increased by 704.4% over the same period, from $54K to $436K. Total functional expenses rose by 464%, from $12K to $65K. In its most recent filing year (2024), Michael J Owen Music Education Fund reported a surplus of $50K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $115K | $65K | $436K | $0 | — | — |
| 2023 | $95K | $56K | $386K | $0 | — | View 990 |
| 2020 | $94K | $42K | $334K | $0 | — | View 990 |
| 2017 | $211K | $28K | $285K | $0 | — | View 990 |
| 2016 | $77K | $28K | $103K | $0 | — | View 990 |
| 2015 | $41K | $12K | $54K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $115K, expenses of $65K, and assets of $436K (revenue +21.2% year-over-year).
- 2023: Revenue of $95K, expenses of $56K, and assets of $386K (revenue +1.1% year-over-year).
- 2020: Revenue of $94K, expenses of $42K, and assets of $334K (revenue -55.4% year-over-year).
- 2017: Revenue of $211K, expenses of $28K, and assets of $285K (revenue +174.3% year-over-year).
- 2016: Revenue of $77K, expenses of $28K, and assets of $103K (revenue +85.7% year-over-year).
- 2015: Revenue of $41K, expenses of $12K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael J Owen Music Education Fund:
Data Sources and Methodology
This transparency report for Michael J Owen Music Education Fund 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.