Music Coop
EIN: 825413428 · Excelsior, MN · NTEE: A68
Is Music Coop Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Music Coop
Music Coop (EIN: 825413428) is a nonprofit organization based in Excelsior, MN, classified under NTEE code A68. The organization reported total revenue of $206K and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Music Coop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Music Coop 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 Music Coop 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.
Frequently Asked Questions about Music Coop
Is Music Coop a legitimate charity?
Based on AI analysis of IRS 990 filings, Music Coop (EIN: 825413428) insufficient data. 0 red flags identified, 0 strengths noted.
How does Music Coop spend its money?
Detailed spending breakdown data is not yet available for Music Coop. Check back for updated IRS 990 analysis.
Are donations to Music Coop tax-deductible?
Music Coop is registered as a tax-exempt nonprofit (EIN: 825413428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Music Coop showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Music Coop's revenue has grown by 272.2%, moving from $60K to $223K. Total assets increased by 556.1% over the same period, from $6K to $41K. Total functional expenses rose by 220.7%, from $67K to $214K. In its most recent filing year (2023), Music Coop reported a surplus of $10K, with revenue exceeding expenses. The organization holds $991 in liabilities against $41K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $223K | $214K | $41K | $991 | — | View 990 |
| 2022 | $174K | $172K | $31K | $618 | — | View 990 |
| 2021 | $161K | $148K | $33K | $5K | — | — |
| 2020 | $137K | $116K | $16K | $3K | — | — |
| 2019 | $117K | $120K | $8K | $17K | — | View 990 |
| 2018 | $60K | $67K | $6K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $223K, expenses of $214K, and assets of $41K (revenue +28.5% year-over-year).
- 2022: Revenue of $174K, expenses of $172K, and assets of $31K (revenue +7.8% year-over-year).
- 2021: Revenue of $161K, expenses of $148K, and assets of $33K (revenue +17.5% year-over-year).
- 2020: Revenue of $137K, expenses of $116K, and assets of $16K (revenue +17.2% year-over-year).
- 2019: Revenue of $117K, expenses of $120K, and assets of $8K (revenue +95.1% year-over-year).
- 2018: Revenue of $60K, expenses of $67K, and assets of $6K.
Data Sources and Methodology
This transparency report for Music Coop 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.