Musc Inc
Musc Inc faces declining assets due to consistent operational deficits over the past decade.
EIN: 204296532 · Milford, CT · NTEE: N64 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $190K |
| Program Spending | 80% |
| Net Assets | $73K |
| Transparency Score | 55/100 |
Is Musc Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Musc Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Musc Inc
Musc Inc (EIN: 204296532) is a nonprofit organization based in Milford, CT, classified under NTEE code N64. The organization reported total revenue of $194K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Musc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Musc Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $183K |
| Total Expenses | $190K |
| Surplus / Deficit | $-7,235 |
| Total Assets | $73K |
| Net Assets | $73K |
| Operating Margin | -4.0% |
| Months of Reserves | 4.6 months |
Financial Health Grade: B
In 2022, Musc Inc reported a deficit of $7K with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2011–2022), Musc Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -1.2% | -9.8% | -9.1% |
| 2021 | +85.2% | +70.1% | -24.4% |
| 2020 | -48.4% | -35.4% | -18.5% |
| 2019 | +13.7% | -18.1% | +1.4% |
| 2018 | -13.6% | -2.4% | -33.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
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 Musc Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Musc Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is highly unusual for an organization of this size and could suggest a volunteer-led structure or that compensation is reported under other expense categories.
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 Musc Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in most years, e.g., 2022 expenses $190,144 vs. revenue $182,909.
- Significant decline in total assets from $294,156 in 2014 to $52,422 currently, indicating unsustainable spending.
- Lack of clarity on how leadership is compensated given 0% officer compensation reported, which could obscure true administrative costs.
Strengths
The following positive indicators were identified for Musc Inc:
- No reported liabilities in recent years (e.g., 2022, 2021, 2020), indicating good management of debt.
- Consistent revenue generation around $180,000-$190,000 in recent years, showing a stable donor base or funding stream.
Frequently Asked Questions about Musc Inc
Is Musc Inc a legitimate charity?
Musc Inc (EIN: 204296532) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 55/100. It has 12 years of IRS 990 filings on record. Total revenue: $194K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Musc Inc spend its money?
Musc Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Musc Inc tax-deductible?
Musc Inc is registered as a tax-exempt nonprofit (EIN: 204296532). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Musc Inc's spending goes to programs?
Musc Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Musc Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Musc Inc is near average for NTEE category N64 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Musc Inc located?
Musc Inc is headquartered in Milford, Connecticut and files with the IRS under EIN 204296532. It is classified under NTEE code N64.
How many years of IRS 990 filings does Musc Inc have?
Musc Inc has 12 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 $194K in total revenue.
How does Musc Inc sustain its operations with consistent revenue shortfalls?
The organization has been drawing down its assets to cover operational deficits, as evidenced by the decline from $294,156 in 2014 to $52,422 currently. This is not a sustainable long-term strategy.
What is the reason for the significant decrease in assets over the past decade?
The primary reason is that expenses have consistently exceeded revenue in most years, leading to the use of existing assets to cover the difference. For instance, in 2018, revenue was $170,436 while expenses were $234,451.
Is the 0% officer compensation accurate, and if so, how are leadership roles compensated?
The filings consistently report 0% officer compensation. This suggests a volunteer-driven leadership or that compensation is categorized differently, which could impact the transparency of overall administrative costs.
What is Musc Inc's strategy to reverse the trend of declining assets?
The provided data does not detail specific strategies, but the current financial trajectory indicates a need for increased revenue generation or significant expense reduction to achieve financial stability.
Filing History
IRS 990 filing history for Musc Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Musc Inc's revenue has grown by 32.9%, moving from $138K to $183K. Total assets decreased by 67.6% over the same period, from $224K to $73K. Total functional expenses rose by 31.9%, from $144K to $190K. In its most recent filing year (2022), Musc Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $183K | $190K | $73K | $0 | — | View 990 |
| 2021 | $185K | $211K | $80K | $0 | — | View 990 |
| 2020 | $100K | $124K | $106K | $0 | — | View 990 |
| 2019 | $194K | $192K | $130K | $0 | — | View 990 |
| 2018 | $170K | $234K | $128K | $0 | — | View 990 |
| 2017 | $197K | $240K | $192K | $0 | — | View 990 |
| 2016 | $197K | $216K | $252K | $0 | — | View 990 |
| 2015 | $191K | $215K | $270K | $0 | — | View 990 |
| 2014 | $166K | $115K | $294K | $8K | — | View 990 |
| 2013 | $143K | $136K | $243K | $8K | — | View 990 |
| 2012 | $145K | $139K | $235K | $7K | — | View 990 |
| 2011 | $138K | $144K | $224K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $183K, expenses of $190K, and assets of $73K (revenue -1.2% year-over-year).
- 2021: Revenue of $185K, expenses of $211K, and assets of $80K (revenue +85.2% year-over-year).
- 2020: Revenue of $100K, expenses of $124K, and assets of $106K (revenue -48.4% year-over-year).
- 2019: Revenue of $194K, expenses of $192K, and assets of $130K (revenue +13.7% year-over-year).
- 2018: Revenue of $170K, expenses of $234K, and assets of $128K (revenue -13.6% year-over-year).
- 2017: Revenue of $197K, expenses of $240K, and assets of $192K (revenue +0.0% year-over-year).
- 2016: Revenue of $197K, expenses of $216K, and assets of $252K (revenue +3.1% year-over-year).
- 2015: Revenue of $191K, expenses of $215K, and assets of $270K (revenue +15.4% year-over-year).
- 2014: Revenue of $166K, expenses of $115K, and assets of $294K (revenue +15.6% year-over-year).
- 2013: Revenue of $143K, expenses of $136K, and assets of $243K (revenue -0.9% year-over-year).
- 2012: Revenue of $145K, expenses of $139K, and assets of $235K (revenue +5.2% year-over-year).
- 2011: Revenue of $138K, expenses of $144K, and assets of $224K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Musc Inc:
Data Sources and Methodology
This transparency report for Musc 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.