Music Maker Foundation Inc

Music Maker Foundation consistently grows revenue and assets with 0% executive compensation.

EIN: 133782018 · Hillsborough, NC · NTEE: A6C · Updated: 2026-03-28

$1.9MRevenue

$1.5MAssets

95/100Mission Score (Excellent)

A6C

About Music Maker Foundation Inc

Music Maker Foundation Inc (EIN: 133782018) is a nonprofit organization based in Hillsborough, NC, classified under NTEE code A6C. The organization reported total revenue of $1.9M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Music Maker Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Music Maker Foundation Inc. demonstrates consistent financial growth and strong program spending efficiency over the past decade. Revenue has steadily increased from $638,368 in 2014 to $1,375,500 in 2023, indicating growing support for its mission. The organization consistently spends a high percentage of its total expenses on program services, with the latest available data showing 85% allocated to programs, which is a strong indicator of mission focus. 

Financial health appears robust, with assets growing from $654,530 in 2014 to $1,248,065 in 2023, outpacing liabilities. The organization also reports 0% officer compensation across all available filings, which is an exceptional level of transparency and commitment to directing funds towards its mission rather than executive salaries. This practice significantly enhances its financial efficiency and trustworthiness.

Overall, Music Maker Foundation Inc. exhibits excellent financial management, a clear dedication to its programmatic goals, and a high degree of transparency regarding executive compensation. Its consistent growth in revenue and assets, coupled with efficient spending, paints a picture of a well-managed and impactful nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Music Maker Foundation Inc with a Mission Score of 95 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 Maker Foundation 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.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size with over $1 million in annual expenses.

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 Maker Foundation Inc:

Consistent revenue growth (from $638,368 in 2014 to $1,375,500 in 2023)
Strong program spending ratio (85% of expenses in 2023)
0% officer compensation reported across all filings
Healthy asset growth ($654,530 in 2014 to $1,248,065 in 2023)
Positive net income in most recent filing ($1,375,500 revenue vs. $1,250,807 expenses in 2023)

Frequently Asked Questions about Music Maker Foundation Inc

Is Music Maker Foundation Inc. a good charity?

Based on its financial data, Music Maker Foundation Inc. appears to be a very good charity. It demonstrates strong program spending (85% of expenses), consistent revenue growth, and exceptionally transparent executive compensation (0%).

How has the organization's revenue grown over time?

The organization has shown consistent revenue growth, increasing from $638,368 in 2014 to $1,375,500 in 2023, nearly doubling its income over the decade.

What is the trend in the organization's assets?

Assets have steadily increased from $654,530 in 2014 to $1,248,065 in 2023, indicating healthy financial growth and stability.

Filing History

IRS 990 filing history for Music Maker Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Music Maker Foundation Inc's revenue has grown by 151%, moving from $548K to $1.4M. Total assets increased by 125.1% over the same period, from $555K to $1.2M. Total functional expenses rose by 136.3%, from $529K to $1.3M. In its most recent filing year (2023), Music Maker Foundation Inc reported a surplus of $125K, with revenue exceeding expenses. The organization holds $92K in liabilities against $1.2M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $1.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.4M	$1.3M	$1.2M	$92K	—	View 990
2022	$1.2M	$1.0M	$1.1M	$106K	—	View 990
2021	$1.1M	$885K	$1.1M	$197K	—	View 990
2020	$1.1M	$1.0M	$866K	$196K	—	View 990
2019	$1.0M	$1.0M	$688K	$135K	—	View 990
2018	$1.1M	$1.0M	$676K	$134K	—	View 990
2017	$941K	$932K	$660K	$147K	—	View 990
2016	$808K	$808K	$635K	$131K	—	View 990
2015	$789K	$772K	$663K	$160K	—	View 990
2014	$638K	$626K	$655K	$168K	—	View 990
2013	$631K	$624K	$622K	$148K	—	View 990
2012	$706K	$609K	$629K	$161K	—	View 990
2011	$548K	$529K	$555K	$184K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.4M, expenses of $1.3M, and assets of $1.2M (revenue +14.7% year-over-year).
2022: Revenue of $1.2M, expenses of $1.0M, and assets of $1.1M (revenue +11.3% year-over-year).
2021: Revenue of $1.1M, expenses of $885K, and assets of $1.1M (revenue -6.0% year-over-year).
2020: Revenue of $1.1M, expenses of $1.0M, and assets of $866K (revenue +10.3% year-over-year).
2019: Revenue of $1.0M, expenses of $1.0M, and assets of $688K (revenue -3.4% year-over-year).
2018: Revenue of $1.1M, expenses of $1.0M, and assets of $676K (revenue +14.3% year-over-year).
2017: Revenue of $941K, expenses of $932K, and assets of $660K (revenue +16.5% year-over-year).
2016: Revenue of $808K, expenses of $808K, and assets of $635K (revenue +2.4% year-over-year).
2015: Revenue of $789K, expenses of $772K, and assets of $663K (revenue +23.6% year-over-year).
2014: Revenue of $638K, expenses of $626K, and assets of $655K (revenue +1.2% year-over-year).
2013: Revenue of $631K, expenses of $624K, and assets of $622K (revenue -10.6% year-over-year).
2012: Revenue of $706K, expenses of $609K, and assets of $629K (revenue +28.8% year-over-year).
2011: Revenue of $548K, expenses of $529K, and assets of $555K.

Data Sources and Methodology

This transparency report for Music Maker Foundation 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.