Millions Of Conversations Inc
EIN: 821314801 · Nashville, TN · NTEE: Q20
| Metric | Value |
|---|---|
| Total Revenue | $618K |
| Total Expenses | $627K |
| Net Assets | $64K |
Is Millions Of Conversations Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Millions Of Conversations Inc
Millions Of Conversations Inc (EIN: 821314801) is a nonprofit organization based in Nashville, TN, classified under NTEE code Q20. The organization reported total revenue of $618K and total assets of $277K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millions Of Conversations Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millions Of Conversations Inc is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $580K |
| Total Expenses | $627K |
| Surplus / Deficit | $-47,418 |
| Total Assets | $195K |
| Total Liabilities | $132K |
| Net Assets | $64K |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 67.5% |
| Months of Reserves | 3.7 months |
Financial Health Grade: C
In 2023, Millions Of Conversations Inc reported a deficit of $47K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 67.5% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Millions Of Conversations Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.2% | -10.4% | -25.7% |
| 2022 | +3.2% | +34.5% | -4.8% |
| 2021 | +97.1% | +40.4% | +189.1% |
| 2020 | -9.9% | -28.5% | +87.8% |
| 2019 | -50.7% | -51.5% | +351.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Millions Of Conversations Inc 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 Millions Of Conversations Inc 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 deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.5%.
Frequently Asked Questions about Millions Of Conversations Inc
Is Millions Of Conversations Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Millions Of Conversations Inc (EIN: 821314801) insufficient data. 0 red flags identified, 0 strengths noted.
How does Millions Of Conversations Inc spend its money?
Detailed spending breakdown data is not yet available for Millions Of Conversations Inc. Check back for updated IRS 990 analysis.
Are donations to Millions Of Conversations Inc tax-deductible?
Millions Of Conversations Inc is registered as a tax-exempt nonprofit (EIN: 821314801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Millions Of Conversations Inc located?
Millions Of Conversations Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 821314801. It is classified under NTEE code Q20.
How many years of IRS 990 filings does Millions Of Conversations Inc have?
Millions Of Conversations Inc has 7 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 $618K in total revenue.
Filing History
IRS 990 filing history for Millions Of Conversations Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Millions Of Conversations Inc's revenue has grown by 108.9%, moving from $278K to $580K. Total assets increased by 317.6% over the same period, from $47K to $195K. Total functional expenses rose by 171.8%, from $231K to $627K. In its most recent filing year (2023), Millions Of Conversations Inc reported a deficit of $47K, with expenses exceeding revenue. The organization holds $132K in liabilities against $195K in assets (debt-to-asset ratio: 67.5%), resulting in net assets of $64K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $580K | $627K | $195K | $132K | — | — |
| 2022 | $764K | $700K | $263K | $152K | — | — |
| 2021 | $741K | $520K | $276K | $247K | — | View 990 |
| 2020 | $376K | $371K | $96K | $279K | — | — |
| 2019 | $417K | $518K | $51K | $263K | — | View 990 |
| 2018 | $846K | $1.1M | $11K | $188K | — | View 990 |
| 2017 | $278K | $231K | $47K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $580K, expenses of $627K, and assets of $195K (revenue -24.2% year-over-year).
- 2022: Revenue of $764K, expenses of $700K, and assets of $263K (revenue +3.2% year-over-year).
- 2021: Revenue of $741K, expenses of $520K, and assets of $276K (revenue +97.1% year-over-year).
- 2020: Revenue of $376K, expenses of $371K, and assets of $96K (revenue -9.9% year-over-year).
- 2019: Revenue of $417K, expenses of $518K, and assets of $51K (revenue -50.7% year-over-year).
- 2018: Revenue of $846K, expenses of $1.1M, and assets of $11K (revenue +204.7% year-over-year).
- 2017: Revenue of $278K, expenses of $231K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Millions Of Conversations Inc:
Data Sources and Methodology
This transparency report for Millions Of Conversations 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.