Millennial Music
Millennial Music shows inconsistent operating surpluses, recent liabilities, and zero officer compensation.
EIN: 10902152 · Queen Creek, AZ · NTEE: A6B · Updated: 2026-03-27
Is Millennial Music Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Millennial Music directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Millennial Music
Millennial Music (EIN: 10902152) is a nonprofit organization based in Queen Creek, AZ, classified under NTEE code A6B. The organization reported total revenue of $4.3M and total assets of $509K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millennial Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millennial Music is a mid-size nonprofit that has been operating for 4 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-168,655 |
| Total Assets | $411K |
| Total Liabilities | $382K |
| Net Assets | $30K |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 92.8% |
| Months of Reserves | 1.8 months |
Financial Health Grade: D
In 2023, Millennial Music reported a deficit of $169K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 92.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Millennial Music's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +7.0% | +107.5% |
| 2022 | +30.0% | +46.2% | -31.3% |
| 2021 | +0.6% | -13.5% | +110.9% |
| 2020 | -7.3% | -7.6% | -50.0% |
| 2019 | -3.6% | +24.6% | -36.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Millennial Music with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Millennial Music allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $169K, with expenses exceeding revenue.
- Debt-to-asset ratio: 92.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with annual revenues exceeding $2 million and suggests either a volunteer-led executive team or compensation being reported under different categories, warranting further investigation.
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 Millennial Music's IRS 990 filings:
- Recurring operating deficits (e.g., $168,655 in 202306, $90,463 in 202206)
- Sudden appearance of significant liabilities ($381,722 in 202306) after years of reporting zero liabilities
- Unusually low or zero officer compensation for an organization with over $2 million in annual revenue, which may indicate unreported compensation or unsustainable reliance on volunteer leadership.
Strengths
The following positive indicators were identified for Millennial Music:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds to programs.
- Significant growth in assets from $198,175 in 202206 to $411,242 in 202306, despite recent liabilities.
- Long filing history (13 filings) suggests established operations and compliance.
Frequently Asked Questions about Millennial Music
Is Millennial Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Millennial Music (EIN: 10902152) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Millennial Music spend its money?
Millennial Music directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Millennial Music tax-deductible?
Millennial Music is registered as a tax-exempt nonprofit (EIN: 10902152). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Millennial Music a good charity?
Millennial Music exhibits strengths in its apparent lack of officer compensation, suggesting a strong dedication to its mission. However, its financial stability is inconsistent, with several years showing expenses exceeding revenue, and the recent appearance of significant liabilities ($381,722 in 202306) after years of zero liabilities warrants closer scrutiny. The overall assessment would depend on understanding the nature of these liabilities and the specific impact of its programs.
Why are there significant liabilities in the 202306 filing when previous years showed none?
The 202306 filing shows liabilities of $381,722, a stark contrast to the $0 reported in all prior available filings. This sudden appearance of substantial debt or obligations requires further investigation to understand its nature, whether it's a short-term operational debt, a loan, or other financial commitments, and its potential impact on the organization's future financial health.
How does Millennial Music sustain operations with recurring deficits?
Millennial Music has experienced several periods where expenses exceeded revenue (e.g., 202306, 202206, 202006). While the organization's assets have grown, recurring deficits can erode reserves over time. The ability to sustain operations despite these deficits might be due to prior year surpluses, specific grant funding, or other non-operating income not detailed in the provided summary.
What is the specific impact of the 0% officer compensation on the organization's operations?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size. It could indicate that executive functions are performed by volunteers, or that compensation is structured in a way that it's not reported as 'officer compensation' on the 990. While it suggests a dedication to mission over executive pay, it also raises questions about the sustainability of leadership and potential reliance on external support for executive roles.
Filing History
IRS 990 filing history for Millennial Music showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Millennial Music's revenue has grown by 303.4%, moving from $647K to $2.6M. Total assets increased by 366.8% over the same period, from $88K to $411K. Total functional expenses rose by 371.9%, from $589K to $2.8M. In its most recent filing year (2023), Millennial Music reported a deficit of $169K, with expenses exceeding revenue. The organization holds $382K in liabilities against $411K in assets (debt-to-asset ratio: 92.8%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.8M | $411K | $382K | — | View 990 |
| 2022 | $2.5M | $2.6M | $198K | $0 | — | View 990 |
| 2021 | $1.9M | $1.8M | $289K | $0 | — | — |
| 2020 | $1.9M | $2.1M | $137K | $0 | — | — |
| 2019 | $2.1M | $2.2M | $274K | $0 | — | — |
| 2018 | $2.1M | $1.8M | $430K | $0 | — | View 990 |
| 2017 | $1.4M | $1.5M | $68K | $0 | — | View 990 |
| 2016 | $1.5M | $1.5M | $184K | $0 | — | View 990 |
| 2015 | $1.3M | $1.3M | $176K | $0 | — | View 990 |
| 2014 | $1.4M | $1.3M | $213K | $0 | — | View 990 |
| 2013 | $807K | $767K | $125K | $0 | — | View 990 |
| 2012 | $597K | $601K | $85K | $0 | — | View 990 |
| 2011 | $647K | $589K | $88K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.8M, and assets of $411K (revenue +4.1% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.6M, and assets of $198K (revenue +30.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.8M, and assets of $289K (revenue +0.6% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.1M, and assets of $137K (revenue -7.3% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.2M, and assets of $274K (revenue -3.6% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.8M, and assets of $430K (revenue +55.8% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $68K (revenue -6.0% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $184K (revenue +14.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $176K (revenue -8.6% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $213K (revenue +73.6% year-over-year).
- 2013: Revenue of $807K, expenses of $767K, and assets of $125K (revenue +35.1% year-over-year).
- 2012: Revenue of $597K, expenses of $601K, and assets of $85K (revenue -7.7% year-over-year).
- 2011: Revenue of $647K, expenses of $589K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Millennial Music:
Data Sources and Methodology
This transparency report for Millennial 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.