Music For Youth Inc
Music For Youth Inc. maintains strong assets and zero executive compensation amidst fluctuating revenues.
EIN: 10746495 · Westport, CT · NTEE: A60 · Updated: 2026-03-27
Is Music For Youth Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Music For Youth Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Music For Youth Inc
Music For Youth Inc (EIN: 10746495) is a nonprofit organization based in Westport, CT, classified under NTEE code A60. The organization reported total revenue of $64K and total assets of $345K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Music For Youth Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Music For Youth Inc is a micro nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $65K |
| Surplus / Deficit | $-30,000 |
| Total Assets | $331K |
| Net Assets | $331K |
| Operating Margin | -85.8% |
| Months of Reserves | 61.1 months |
Financial Health Grade: B
In 2023, Music For Youth Inc reported a deficit of $30K with expenses exceeding revenue, holds 61.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Music For Youth Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.8% | -2.5% | -6.9% |
| 2022 | -9.6% | +38.4% | -13.7% |
| 2021 | +46.8% | -1.4% | +8.8% |
| 2020 | -40.0% | -38.8% | +4.9% |
| 2019 | -70.0% | -3.3% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 For Youth Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Music For Youth Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $30K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of its size with annual revenues typically under $100,000.
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 Music For Youth Inc's IRS 990 filings:
- Significant revenue fluctuations year-over-year, potentially impacting program consistency.
Strengths
The following positive indicators were identified for Music For Youth Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency.
- Strong asset base relative to annual expenses, demonstrating financial resilience.
- Consistently low to zero liabilities, indicating sound financial management.
- Long history of IRS 990 filings (13 periods), showing commitment to transparency.
Frequently Asked Questions about Music For Youth Inc
Is Music For Youth Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Music For Youth Inc (EIN: 10746495) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Music For Youth Inc spend its money?
Music For Youth Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Music For Youth Inc tax-deductible?
Music For Youth Inc is registered as a tax-exempt nonprofit (EIN: 10746495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Music For Youth Inc. financially stable?
Yes, Music For Youth Inc. appears financially stable, consistently maintaining a strong asset base (e.g., $331,050 in 2023) and minimal to no liabilities across all reported periods.
Does Music For Youth Inc. pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that executives are not paid.
How efficient is Music For Youth Inc. with donor funds?
The organization appears highly efficient, primarily due to the consistent reporting of zero officer compensation, suggesting a very low administrative overhead and a high proportion of funds directed to programs.
What is the trend in Music For Youth Inc.'s revenue?
Revenue has fluctuated over the years, with a significant peak of $275,632 in 2018, but generally ranges between $35,000 and $85,000 in other periods.
Filing History
IRS 990 filing history for Music For Youth Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Music For Youth Inc's revenue has declined by 65.1%, moving from $100K to $35K. Total assets increased by 73.2% over the same period, from $191K to $331K. Total functional expenses fell by 4.1%, from $68K to $65K. In its most recent filing year (2023), Music For Youth Inc reported a deficit of $30K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $65K | $331K | $0 | — | — |
| 2022 | $66K | $67K | $356K | $0 | — | View 990 |
| 2021 | $73K | $48K | $412K | $0 | — | View 990 |
| 2020 | $50K | $49K | $379K | $2K | — | View 990 |
| 2019 | $83K | $80K | $361K | $0 | — | View 990 |
| 2018 | $276K | $82K | $362K | $3K | — | View 990 |
| 2017 | $102K | $81K | $167K | $2K | — | — |
| 2016 | $86K | $94K | $144K | $0 | — | View 990 |
| 2015 | $82K | $85K | $152K | $0 | — | View 990 |
| 2014 | $70K | $93K | $155K | $0 | — | View 990 |
| 2013 | $78K | $88K | $182K | $3K | — | View 990 |
| 2012 | $64K | $67K | $188K | $0 | — | View 990 |
| 2011 | $100K | $68K | $191K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $65K, and assets of $331K (revenue -46.8% year-over-year).
- 2022: Revenue of $66K, expenses of $67K, and assets of $356K (revenue -9.6% year-over-year).
- 2021: Revenue of $73K, expenses of $48K, and assets of $412K (revenue +46.8% year-over-year).
- 2020: Revenue of $50K, expenses of $49K, and assets of $379K (revenue -40.0% year-over-year).
- 2019: Revenue of $83K, expenses of $80K, and assets of $361K (revenue -70.0% year-over-year).
- 2018: Revenue of $276K, expenses of $82K, and assets of $362K (revenue +170.3% year-over-year).
- 2017: Revenue of $102K, expenses of $81K, and assets of $167K (revenue +18.0% year-over-year).
- 2016: Revenue of $86K, expenses of $94K, and assets of $144K (revenue +4.8% year-over-year).
- 2015: Revenue of $82K, expenses of $85K, and assets of $152K (revenue +18.0% year-over-year).
- 2014: Revenue of $70K, expenses of $93K, and assets of $155K (revenue -10.7% year-over-year).
- 2013: Revenue of $78K, expenses of $88K, and assets of $182K (revenue +23.0% year-over-year).
- 2012: Revenue of $64K, expenses of $67K, and assets of $188K (revenue -36.6% year-over-year).
- 2011: Revenue of $100K, expenses of $68K, and assets of $191K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Music For Youth Inc:
Data Sources and Methodology
This transparency report for Music For Youth 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.