Mode Music And Performing Arts
EIN: 823082080 · Seattle, WA · NTEE: A6E
| Metric | Value |
|---|---|
| Total Revenue | $234K |
| Total Expenses | $255K |
| Net Assets | $-34,783 |
Is Mode Music And Performing Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mode Music And Performing Arts
Mode Music And Performing Arts (EIN: 823082080) is a nonprofit organization based in Seattle, WA, classified under NTEE code A6E. The organization reported total revenue of $234K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mode Music And Performing Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mode Music And Performing Arts is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 96.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $218K |
| Total Expenses | $255K |
| Surplus / Deficit | $-36,853 |
| Total Assets | $23K |
| Total Liabilities | $58K |
| Net Assets | $-34,783 |
| Operating Margin | -16.9% |
| Debt-to-Asset Ratio | 249.6% |
| Months of Reserves | 1.1 months |
Financial Health Grade: D
In 2023, Mode Music And Performing Arts reported a deficit of $37K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 249.6% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Mode Music And Performing Arts's revenue has grown at a compound annual growth rate (CAGR) of 96.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.2% | +95.9% | -52.5% |
| 2022 | +619.8% | +94.2% | +263.3% |
| 2021 | -16.4% | +78.0% | +232.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mode Music And Performing Arts 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 Mode Music And Performing Arts 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 $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 249.6%.
Frequently Asked Questions about Mode Music And Performing Arts
Is Mode Music And Performing Arts a legitimate charity?
Mode Music And Performing Arts (EIN: 823082080) is a registered tax-exempt nonprofit based in Washington. It has 4 years of IRS 990 filings on record. Total revenue: $234K. No red flags identified. Financial health grade: D.
How does Mode Music And Performing Arts spend its money?
Mode Music And Performing Arts reported $234K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mode Music And Performing Arts tax-deductible?
Mode Music And Performing Arts is registered as a tax-exempt nonprofit (EIN: 823082080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mode Music And Performing Arts located?
Mode Music And Performing Arts is headquartered in Seattle, Washington and files with the IRS under EIN 823082080. It is classified under NTEE code A6E.
How many years of IRS 990 filings does Mode Music And Performing Arts have?
Mode Music And Performing Arts has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $234K in total revenue.
Filing History
IRS 990 filing history for Mode Music And Performing Arts showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Mode Music And Performing Arts's revenue has grown by 652.8%, moving from $29K to $218K. Total assets increased by 472.7% over the same period, from $4K to $23K. Total functional expenses rose by 577.3%, from $38K to $255K. In its most recent filing year (2023), Mode Music And Performing Arts reported a deficit of $37K, with expenses exceeding revenue. The organization holds $58K in liabilities against $23K in assets (debt-to-asset ratio: 249.6%), resulting in net assets of $-34,783.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $218K | $255K | $23K | $58K | — | — |
| 2022 | $174K | $130K | $49K | $47K | — | View 990 |
| 2021 | $24K | $67K | $13K | $56K | — | — |
| 2020 | $29K | $38K | $4K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $218K, expenses of $255K, and assets of $23K (revenue +25.2% year-over-year).
- 2022: Revenue of $174K, expenses of $130K, and assets of $49K (revenue +619.8% year-over-year).
- 2021: Revenue of $24K, expenses of $67K, and assets of $13K (revenue -16.4% year-over-year).
- 2020: Revenue of $29K, expenses of $38K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mode Music And Performing Arts:
Data Sources and Methodology
This transparency report for Mode Music And Performing Arts 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.