Musica Nova Inc
Musica Nova Inc. consistently operates without debt and shows asset growth with no reported officer compensation.
EIN: 113682567 · Phoenix, AZ · NTEE: A69 · Updated: 2026-03-28
Is Musica Nova Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Musica Nova Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Musica Nova Inc
Musica Nova Inc (EIN: 113682567) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code A69. The organization reported total revenue of $120K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Musica Nova Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Musica Nova Inc is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $76K |
| Surplus / Deficit | +$20K |
| Total Assets | $55K |
| Net Assets | $55K |
| Operating Margin | 21.1% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2024, Musica Nova Inc reported a surplus of $20K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Musica Nova Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.2% | -34.3% | +61.3% |
| 2023 | -11.2% | +13.2% | -44.7% |
| 2022 | +7.1% | +105.5% | -4.2% |
| 2021 | +36.4% | -20.4% | +203.9% |
| 2020 | -12.6% | -4.4% | +3.0% |
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 Musica Nova 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, Musica Nova 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
Executive Compensation Analysis
Musica Nova Inc. reports 0% officer compensation across all 14 available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size and suggests a very lean operational structure.
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 Musica Nova Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data prevents granular analysis of program vs. admin spending.
Strengths
The following positive indicators were identified for Musica Nova Inc:
- Zero liabilities reported across all 14 filings, indicating strong financial health and no debt.
- Consistent reporting of 0% officer compensation, suggesting a highly efficient or volunteer-led operation.
- Significant asset growth from $5,261 in 2015 to $55,131 in 2024.
- Consistent filing history (14 filings) demonstrates commitment to transparency.
- Revenue exceeding expenses in the latest filing (202406), resulting in a surplus.
Frequently Asked Questions about Musica Nova Inc
Is Musica Nova Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Musica Nova Inc (EIN: 113682567) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Musica Nova Inc spend its money?
Musica Nova Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Musica Nova Inc tax-deductible?
Musica Nova Inc is registered as a tax-exempt nonprofit (EIN: 113682567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Musica Nova Inc. financially stable?
Yes, Musica Nova Inc. appears financially stable. It consistently reports $0 in liabilities across all filings and has grown its assets from $5,261 in 2015 to $55,131 in 2024. In the latest period (202406), revenue ($96,801) exceeded expenses ($76,406), indicating a surplus.
How does Musica Nova Inc. manage executive compensation?
Musica Nova Inc. reports 0% officer compensation in all available IRS 990 filings, suggesting that its executive leadership is not compensated or is compensated in a way not categorized as officer compensation, which is a strong indicator of a volunteer-driven model.
Has Musica Nova Inc.'s revenue been growing?
Yes, while fluctuating, Musica Nova Inc.'s revenue has generally shown growth over the past decade, increasing from $19,644 in 2015 to $96,801 in 2024, with a peak of $99,905 in 2022.
What is the organization's asset trend?
Musica Nova Inc. has shown a strong positive asset trend, growing from $5,261 in 2015 to $55,131 in 2024, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Musica Nova Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Musica Nova Inc's revenue has declined by 26.8%, moving from $132K to $97K. Total assets decreased by 13.7% over the same period, from $64K to $55K. Total functional expenses fell by 3%, from $79K to $76K. In its most recent filing year (2024), Musica Nova Inc reported a surplus of $20K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $97K | $76K | $55K | $0 | — | — |
| 2023 | $89K | $116K | $34K | $0 | — | View 990 |
| 2022 | $100K | $103K | $62K | $0 | — | — |
| 2021 | $93K | $50K | $65K | $0 | — | — |
| 2020 | $68K | $63K | $21K | $0 | — | — |
| 2019 | $78K | $66K | $21K | $0 | — | View 990 |
| 2018 | $81K | $82K | $8K | $0 | — | View 990 |
| 2017 | $76K | $72K | $9K | $0 | — | View 990 |
| 2016 | $55K | $50K | $5K | $0 | — | View 990 |
| 2015 | $20K | $36K | $5K | $0 | — | View 990 |
| 2014 | $66K | $62K | $22K | $0 | — | View 990 |
| 2013 | $44K | $58K | $18K | $0 | — | View 990 |
| 2012 | $47K | $79K | $32K | $0 | — | View 990 |
| 2011 | $132K | $79K | $64K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $97K, expenses of $76K, and assets of $55K (revenue +9.2% year-over-year).
- 2023: Revenue of $89K, expenses of $116K, and assets of $34K (revenue -11.2% year-over-year).
- 2022: Revenue of $100K, expenses of $103K, and assets of $62K (revenue +7.1% year-over-year).
- 2021: Revenue of $93K, expenses of $50K, and assets of $65K (revenue +36.4% year-over-year).
- 2020: Revenue of $68K, expenses of $63K, and assets of $21K (revenue -12.6% year-over-year).
- 2019: Revenue of $78K, expenses of $66K, and assets of $21K (revenue -3.2% year-over-year).
- 2018: Revenue of $81K, expenses of $82K, and assets of $8K (revenue +6.9% year-over-year).
- 2017: Revenue of $76K, expenses of $72K, and assets of $9K (revenue +38.6% year-over-year).
- 2016: Revenue of $55K, expenses of $50K, and assets of $5K (revenue +177.8% year-over-year).
- 2015: Revenue of $20K, expenses of $36K, and assets of $5K (revenue -70.4% year-over-year).
- 2014: Revenue of $66K, expenses of $62K, and assets of $22K (revenue +51.3% year-over-year).
- 2013: Revenue of $44K, expenses of $58K, and assets of $18K (revenue -5.8% year-over-year).
- 2012: Revenue of $47K, expenses of $79K, and assets of $32K (revenue -64.8% year-over-year).
- 2011: Revenue of $132K, expenses of $79K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Musica Nova Inc:
Data Sources and Methodology
This transparency report for Musica Nova 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.