Musical Offering
EIN: 364307184 · Evanston, IL · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $498K |
| Total Expenses | $496K |
| Net Assets | $105K |
Is Musical Offering Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Musical Offering
Musical Offering (EIN: 364307184) is a nonprofit organization based in Evanston, IL, classified under NTEE code A68. The organization reported total revenue of $498K and total assets of $244K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Musical Offering's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Musical Offering is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $483K |
| Total Expenses | $496K |
| Surplus / Deficit | $-12,632 |
| Total Assets | $299K |
| Total Liabilities | $194K |
| Net Assets | $105K |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 64.9% |
| Months of Reserves | 7.2 months |
Financial Health Grade: C
In 2023, Musical Offering reported a deficit of $13K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 64.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Musical Offering's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +10.6% | -13.5% |
| 2022 | +8.7% | +10.2% | +249.6% |
| 2021 | +1.0% | +0.5% | +11.1% |
| 2020 | -4.3% | +3.0% | +9.5% |
| 2019 | +12.1% | +9.6% | +63.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Musical Offering 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 Musical Offering 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.9%.
Frequently Asked Questions about Musical Offering
Is Musical Offering a legitimate charity?
Musical Offering (EIN: 364307184) is a registered tax-exempt nonprofit based in Illinois. It has 13 years of IRS 990 filings on record. Total revenue: $498K. No red flags identified. Financial health grade: C.
How does Musical Offering spend its money?
Musical Offering reported $498K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Musical Offering tax-deductible?
Musical Offering is registered as a tax-exempt nonprofit (EIN: 364307184). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Musical Offering located?
Musical Offering is headquartered in Evanston, Illinois and files with the IRS under EIN 364307184. It is classified under NTEE code A68.
How many years of IRS 990 filings does Musical Offering have?
Musical Offering 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 $498K in total revenue.
Filing History
IRS 990 filing history for Musical Offering showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Musical Offering's revenue has grown by 105.2%, moving from $235K to $483K. Total assets increased by 270.5% over the same period, from $81K to $299K. Total functional expenses rose by 110.2%, from $236K to $496K. In its most recent filing year (2023), Musical Offering reported a deficit of $13K, with expenses exceeding revenue. The organization holds $194K in liabilities against $299K in assets (debt-to-asset ratio: 64.9%), resulting in net assets of $105K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $483K | $496K | $299K | $194K | — | — |
| 2022 | $453K | $448K | $346K | $228K | — | View 990 |
| 2021 | $417K | $407K | $99K | $0 | — | View 990 |
| 2020 | $413K | $405K | $89K | $0 | — | — |
| 2019 | $431K | $393K | $81K | $0 | — | View 990 |
| 2018 | $384K | $359K | $50K | $9K | — | View 990 |
| 2017 | $401K | $394K | $15K | $0 | — | View 990 |
| 2016 | $327K | $357K | $12K | $4K | — | View 990 |
| 2015 | $381K | $377K | $45K | $7K | — | View 990 |
| 2014 | $338K | $346K | $46K | $11K | — | View 990 |
| 2013 | $293K | $297K | $51K | $16K | — | View 990 |
| 2012 | $266K | $277K | $70K | $30K | — | View 990 |
| 2011 | $235K | $236K | $81K | $30K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $483K, expenses of $496K, and assets of $299K (revenue +6.7% year-over-year).
- 2022: Revenue of $453K, expenses of $448K, and assets of $346K (revenue +8.7% year-over-year).
- 2021: Revenue of $417K, expenses of $407K, and assets of $99K (revenue +1.0% year-over-year).
- 2020: Revenue of $413K, expenses of $405K, and assets of $89K (revenue -4.3% year-over-year).
- 2019: Revenue of $431K, expenses of $393K, and assets of $81K (revenue +12.1% year-over-year).
- 2018: Revenue of $384K, expenses of $359K, and assets of $50K (revenue -4.1% year-over-year).
- 2017: Revenue of $401K, expenses of $394K, and assets of $15K (revenue +22.5% year-over-year).
- 2016: Revenue of $327K, expenses of $357K, and assets of $12K (revenue -14.1% year-over-year).
- 2015: Revenue of $381K, expenses of $377K, and assets of $45K (revenue +12.6% year-over-year).
- 2014: Revenue of $338K, expenses of $346K, and assets of $46K (revenue +15.6% year-over-year).
- 2013: Revenue of $293K, expenses of $297K, and assets of $51K (revenue +10.0% year-over-year).
- 2012: Revenue of $266K, expenses of $277K, and assets of $70K (revenue +13.0% year-over-year).
- 2011: Revenue of $235K, expenses of $236K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Musical Offering:
Data Sources and Methodology
This transparency report for Musical Offering 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.