Musicians Incorporated
Musicians Incorporated maintains zero executive compensation amidst fluctuating revenues and consistent asset growth.
EIN: 113701072 · Denham Spgs, LA · NTEE: A12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $269K |
| Program Spending | 90% |
| Net Assets | $298K |
| Transparency Score | 85/100 |
Is Musicians Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Musicians Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Musicians Incorporated
Musicians Incorporated (EIN: 113701072) is a nonprofit organization based in Denham Spgs, LA, classified under NTEE code A12. The organization reported total revenue of $2.0M and total assets of $297K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Musicians Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Musicians Incorporated is a mid-size nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $269K |
| Surplus / Deficit | $-54,233 |
| Total Assets | $298K |
| Net Assets | $298K |
| Operating Margin | -25.2% |
| Months of Reserves | 13.3 months |
Financial Health Grade: B
In 2023, Musicians Incorporated reported a deficit of $54K with expenses exceeding revenue, holds 13.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Musicians Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.5% | -8.7% | -15.4% |
| 2022 | -33.6% | +20.2% | +7.3% |
| 2021 | +208.2% | +169.8% | +249.1% |
| 2019 | -115.5% | -29.0% | -75.3% |
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 Musicians Incorporated with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Musicians Incorporated allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $54K, with expenses exceeding revenue.
Executive Compensation Analysis
Musicians Incorporated consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Musicians Incorporated's IRS 990 filings:
- Latest filing (202312) shows expenses ($269,070) exceeding revenue ($214,837), resulting in a deficit for the period.
Strengths
The following positive indicators were identified for Musicians Incorporated:
- Consistent 0% officer compensation across all filings, indicating strong mission focus.
- No reported liabilities in any filing, demonstrating sound financial management.
- Significant growth in assets from $6,205 in 201612 to $297,930 in 202312.
- Long filing history (12 filings) indicating sustained operation and compliance.
Frequently Asked Questions about Musicians Incorporated
Is Musicians Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Musicians Incorporated (EIN: 113701072) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Musicians Incorporated spend its money?
Musicians Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Musicians Incorporated tax-deductible?
Musicians Incorporated is registered as a tax-exempt nonprofit (EIN: 113701072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Musicians Incorporated's spending goes to programs?
Musicians Incorporated directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Musicians Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Musicians Incorporated is above average for NTEE category A12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Musicians Incorporated located?
Musicians Incorporated is headquartered in Denham Spgs, Louisiana and files with the IRS under EIN 113701072. It is classified under NTEE code A12.
How many years of IRS 990 filings does Musicians Incorporated have?
Musicians Incorporated has 12 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 $2.0M in total revenue.
Is Musicians Incorporated a good charity?
Based on the available IRS 990 data, Musicians Incorporated appears to be a good charity. It consistently reports zero officer compensation, indicating a strong commitment to its mission. It also maintains no liabilities and has grown its assets significantly over time.
How does Musicians Incorporated manage its finances?
Musicians Incorporated manages its finances responsibly, as evidenced by its consistent reporting of zero liabilities and a growing asset base. While revenue has fluctuated, the organization generally operates with a surplus, though the latest filing shows expenses exceeding revenue.
What is the trend in Musicians Incorporated's revenue?
Musicians Incorporated's revenue has shown significant fluctuations, with a notable peak of $479,289 in 202112 and a low of $-32,993 in 201912. The latest reported revenue for 202312 was $214,837.
Does Musicians Incorporated have any debt?
No, Musicians Incorporated consistently reports $0 in liabilities across all available IRS 990 filings, indicating it operates without debt.
Filing History
IRS 990 filing history for Musicians Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Musicians Incorporated's revenue has grown by 405.1%, moving from $43K to $215K. Total assets increased by 5651.5% over the same period, from $5K to $298K. Total functional expenses rose by 554.6%, from $41K to $269K. In its most recent filing year (2023), Musicians Incorporated reported a deficit of $54K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $269K | $298K | $0 | — | View 990 |
| 2022 | $318K | $295K | $352K | $0 | — | View 990 |
| 2021 | $479K | $245K | $328K | $0 | — | View 990 |
| 2020 | $156K | $91K | $94K | $0 | — | — |
| 2019 | $-32,993 | $68K | $33K | $0 | — | View 990 |
| 2018 | $213K | $96K | $134K | $0 | — | View 990 |
| 2017 | $26K | $15K | $17K | $0 | — | View 990 |
| 2016 | $17K | $18K | $6K | $0 | — | View 990 |
| 2015 | $10K | $6K | $8K | $0 | — | View 990 |
| 2013 | $5K | $8K | $9K | $0 | — | View 990 |
| 2012 | $19K | $11K | $13K | $0 | — | View 990 |
| 2011 | $43K | $41K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $269K, and assets of $298K (revenue -32.5% year-over-year).
- 2022: Revenue of $318K, expenses of $295K, and assets of $352K (revenue -33.6% year-over-year).
- 2021: Revenue of $479K, expenses of $245K, and assets of $328K (revenue +208.2% year-over-year).
- 2020: Revenue of $156K, expenses of $91K, and assets of $94K.
- 2019: Revenue of $-32,993, expenses of $68K, and assets of $33K (revenue -115.5% year-over-year).
- 2018: Revenue of $213K, expenses of $96K, and assets of $134K (revenue +731.8% year-over-year).
- 2017: Revenue of $26K, expenses of $15K, and assets of $17K (revenue +54.3% year-over-year).
- 2016: Revenue of $17K, expenses of $18K, and assets of $6K (revenue +61.0% year-over-year).
- 2015: Revenue of $10K, expenses of $6K, and assets of $8K (revenue +114.2% year-over-year).
- 2013: Revenue of $5K, expenses of $8K, and assets of $9K (revenue -74.8% year-over-year).
- 2012: Revenue of $19K, expenses of $11K, and assets of $13K (revenue -55.1% year-over-year).
- 2011: Revenue of $43K, expenses of $41K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Musicians Incorporated:
Data Sources and Methodology
This transparency report for Musicians Incorporated 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.