Multicultural Arts & Entertainment Group
EIN: 272797534 · Cordova, TN · NTEE: S22
| Metric | Value |
|---|---|
| Total Revenue | $430K |
| Total Expenses | $611K |
| Net Assets | $-110,701 |
Is Multicultural Arts & Entertainment Group Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Multicultural Arts & Entertainment Group
Multicultural Arts & Entertainment Group (EIN: 272797534) is a nonprofit organization based in Cordova, TN, classified under NTEE code S22. The organization reported total revenue of $430K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Multicultural Arts & Entertainment Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Multicultural Arts & Entertainment Group is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $541K |
| Total Expenses | $611K |
| Surplus / Deficit | $-70,087 |
| Total Assets | $0 |
| Total Liabilities | $111K |
| Net Assets | $-110,701 |
| Operating Margin | -13.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Multicultural Arts & Entertainment Group reported a deficit of $70K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Multicultural Arts & Entertainment Group's revenue has grown at a compound annual growth rate (CAGR) of 28.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +42.2% | — |
| 2022 | +131.6% | +94.5% | — |
| 2021 | +836.5% | +289.2% | -100.0% |
| 2020 | -92.2% | -80.9% | +0.0% |
| 2019 | +29.3% | +26.5% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Multicultural Arts & Entertainment Group 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 Multicultural Arts & Entertainment Group 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 $70K, with expenses exceeding revenue.
Frequently Asked Questions about Multicultural Arts & Entertainment Group
Is Multicultural Arts & Entertainment Group a legitimate charity?
Multicultural Arts & Entertainment Group (EIN: 272797534) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $430K. No red flags identified. Financial health grade: D.
How does Multicultural Arts & Entertainment Group spend its money?
Multicultural Arts & Entertainment Group reported $430K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Multicultural Arts & Entertainment Group tax-deductible?
Multicultural Arts & Entertainment Group is registered as a tax-exempt nonprofit (EIN: 272797534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Multicultural Arts & Entertainment Group located?
Multicultural Arts & Entertainment Group is headquartered in Cordova, Tennessee and files with the IRS under EIN 272797534. It is classified under NTEE code S22.
How many years of IRS 990 filings does Multicultural Arts & Entertainment Group have?
Multicultural Arts & Entertainment Group 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 $430K in total revenue.
Filing History
IRS 990 filing history for Multicultural Arts & Entertainment Group showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Multicultural Arts & Entertainment Group's revenue has grown by 2005.2%, moving from $26K to $541K. Total functional expenses rose by 1403.2%, from $41K to $611K. In its most recent filing year (2023), Multicultural Arts & Entertainment Group reported a deficit of $70K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $541K | $611K | $0 | $111K | — | View 990 |
| 2022 | $495K | $430K | $0 | $41K | — | — |
| 2021 | $214K | $221K | $0 | $106K | — | — |
| 2020 | $23K | $57K | $1 | $99K | — | — |
| 2019 | $295K | $297K | $1 | $66K | — | View 990 |
| 2018 | $228K | $235K | $0 | $63K | — | View 990 |
| 2017 | $110K | $110K | $0 | $56K | — | View 990 |
| 2016 | $156K | $203K | $0 | $55K | — | View 990 |
| 2015 | $97K | $92K | $1 | $8K | — | View 990 |
| 2014 | $65K | $63K | $1 | $13K | — | View 990 |
| 2013 | $56K | $54K | $-14,483 | $0 | — | View 990 |
| 2012 | $47K | $49K | $0 | $17K | — | View 990 |
| 2011 | $26K | $41K | $0 | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $541K, expenses of $611K, and assets of $0 (revenue +9.2% year-over-year).
- 2022: Revenue of $495K, expenses of $430K, and assets of $0 (revenue +131.6% year-over-year).
- 2021: Revenue of $214K, expenses of $221K, and assets of $0 (revenue +836.5% year-over-year).
- 2020: Revenue of $23K, expenses of $57K, and assets of $1 (revenue -92.2% year-over-year).
- 2019: Revenue of $295K, expenses of $297K, and assets of $1 (revenue +29.3% year-over-year).
- 2018: Revenue of $228K, expenses of $235K, and assets of $0 (revenue +107.4% year-over-year).
- 2017: Revenue of $110K, expenses of $110K, and assets of $0 (revenue -29.6% year-over-year).
- 2016: Revenue of $156K, expenses of $203K, and assets of $0 (revenue +60.4% year-over-year).
- 2015: Revenue of $97K, expenses of $92K, and assets of $1 (revenue +50.5% year-over-year).
- 2014: Revenue of $65K, expenses of $63K, and assets of $1 (revenue +15.2% year-over-year).
- 2013: Revenue of $56K, expenses of $54K, and assets of $-14,483 (revenue +20.0% year-over-year).
- 2012: Revenue of $47K, expenses of $49K, and assets of $0 (revenue +81.9% year-over-year).
- 2011: Revenue of $26K, expenses of $41K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Multicultural Arts & Entertainment Group:
Data Sources and Methodology
This transparency report for Multicultural Arts & Entertainment Group 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.