Music And Youth Initiative Inc
Music And Youth Initiative Inc consistently grows assets with zero reported officer compensation.
EIN: 202767066 · Needham, MA · NTEE: A6C · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $227K |
| Total Expenses | $173K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $227,167 |
| Net Assets | $567K |
| Transparency Score | 90/100 |
Is Music And Youth Initiative Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Music And Youth Initiative Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Music And Youth Initiative Inc
Music And Youth Initiative Inc (EIN: 202767066) is a nonprofit organization based in Needham, MA, classified under NTEE code A6C. The organization reported total revenue of $227K and total assets of $591K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Music And Youth Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Music And Youth Initiative Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $173K |
| Surplus / Deficit | +$66K |
| Total Assets | $571K |
| Total Liabilities | $4K |
| Net Assets | $567K |
| Operating Margin | 27.6% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 39.7 months |
Financial Health Grade: A
In 2023, Music And Youth Initiative Inc reported a surplus of $66K with revenue exceeding expenses, holds 39.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Music And Youth Initiative Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.0% | -43.1% | +13.9% |
| 2022 | +28.3% | +19.2% | +4.1% |
| 2021 | -17.4% | -3.5% | -0.3% |
| 2020 | -10.9% | -17.9% | +9.9% |
| 2019 | -3.8% | +3.0% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Music And Youth Initiative Inc with a Mission Score of 90 out of 100 (Excellent). 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, Music And Youth Initiative Inc 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 surplus of $66K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly efficient for an organization of its size (latest revenue $227,167).
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.
Strengths
The following positive indicators were identified for Music And Youth Initiative Inc:
- Consistent asset growth (from $265,091 in 2014 to $571,479 in 2023)
- Zero reported officer compensation across all filings, indicating high efficiency
- Consistent positive net income in most years, demonstrating financial stability
- Strong financial transparency with 13 years of IRS 990 filings
- Low liabilities relative to assets (e.g., $4,468 liabilities vs. $571,479 assets in 2023)
Frequently Asked Questions about Music And Youth Initiative Inc
Is Music And Youth Initiative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Music And Youth Initiative Inc (EIN: 202767066) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Music And Youth Initiative Inc spend its money?
Music And Youth Initiative Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Music And Youth Initiative Inc tax-deductible?
Music And Youth Initiative Inc is registered as a tax-exempt nonprofit (EIN: 202767066). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Music And Youth Initiative Inc CEO make?
Music And Youth Initiative Inc's highest-compensated officer earns $227,167 annually. The organization reported $227K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Music And Youth Initiative Inc's spending goes to programs?
Music And Youth Initiative Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Music And Youth Initiative Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Music And Youth Initiative Inc is above average for NTEE category A6C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Music And Youth Initiative Inc located?
Music And Youth Initiative Inc is headquartered in Needham, Massachusetts and files with the IRS under EIN 202767066. It is classified under NTEE code A6C.
How many years of IRS 990 filings does Music And Youth Initiative Inc have?
Music And Youth Initiative Inc 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 $227K in total revenue.
Is Music And Youth Initiative Inc a good charity?
Based on the provided data, Music And Youth Initiative Inc appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, suggesting a strong commitment to program efficiency and responsible financial management.
How has the organization's financial health changed over the past decade?
The organization's financial health has steadily improved over the past decade. Assets have grown from $265,091 in 2014 to $571,479 in 2023, and it has consistently maintained positive net assets, indicating robust financial management.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally remained strong, with a high of $440,273 in 2017 and $238,445 in 2023. Expenses have generally tracked revenue, allowing the organization to maintain a surplus in most years, contributing to asset growth.
Filing History
IRS 990 filing history for Music And Youth Initiative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Music And Youth Initiative Inc's revenue has declined by 41%, moving from $404K to $238K. Total assets increased by 208.7% over the same period, from $185K to $571K. Total functional expenses fell by 52.1%, from $360K to $173K. In its most recent filing year (2023), Music And Youth Initiative Inc reported a surplus of $66K, with revenue exceeding expenses. The organization holds $4K in liabilities against $571K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $567K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $238K | $173K | $571K | $4K | — | — |
| 2022 | $327K | $304K | $502K | $452 | — | View 990 |
| 2021 | $255K | $255K | $482K | $4K | — | View 990 |
| 2020 | $308K | $264K | $483K | $5K | — | — |
| 2019 | $346K | $321K | $440K | $6K | — | View 990 |
| 2018 | $360K | $312K | $416K | $7K | — | View 990 |
| 2017 | $440K | $385K | $367K | $5K | — | View 990 |
| 2016 | $420K | $390K | $310K | $3K | — | View 990 |
| 2015 | $397K | $381K | $283K | $5K | — | View 990 |
| 2014 | $355K | $367K | $265K | $4K | — | View 990 |
| 2013 | $372K | $342K | $276K | $4K | — | View 990 |
| 2012 | $356K | $293K | $246K | $4K | — | View 990 |
| 2011 | $404K | $360K | $185K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $238K, expenses of $173K, and assets of $571K (revenue -27.0% year-over-year).
- 2022: Revenue of $327K, expenses of $304K, and assets of $502K (revenue +28.3% year-over-year).
- 2021: Revenue of $255K, expenses of $255K, and assets of $482K (revenue -17.4% year-over-year).
- 2020: Revenue of $308K, expenses of $264K, and assets of $483K (revenue -10.9% year-over-year).
- 2019: Revenue of $346K, expenses of $321K, and assets of $440K (revenue -3.8% year-over-year).
- 2018: Revenue of $360K, expenses of $312K, and assets of $416K (revenue -18.3% year-over-year).
- 2017: Revenue of $440K, expenses of $385K, and assets of $367K (revenue +4.9% year-over-year).
- 2016: Revenue of $420K, expenses of $390K, and assets of $310K (revenue +5.6% year-over-year).
- 2015: Revenue of $397K, expenses of $381K, and assets of $283K (revenue +11.9% year-over-year).
- 2014: Revenue of $355K, expenses of $367K, and assets of $265K (revenue -4.5% year-over-year).
- 2013: Revenue of $372K, expenses of $342K, and assets of $276K (revenue +4.6% year-over-year).
- 2012: Revenue of $356K, expenses of $293K, and assets of $246K (revenue -11.9% year-over-year).
- 2011: Revenue of $404K, expenses of $360K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Music And Youth Initiative Inc:
Data Sources and Methodology
This transparency report for Music And Youth Initiative 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.