Nashville Sounds Foundation
Nashville Sounds Foundation shows fluctuating revenue and expenses, with no officer compensation reported.
EIN: 200896207 · Nashville, TN · NTEE: B92 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $133K |
| Program Spending | 90% |
| Net Assets | $111K |
| Transparency Score | 85/100 |
Is Nashville Sounds Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nashville Sounds Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nashville Sounds Foundation
Nashville Sounds Foundation (EIN: 200896207) is a nonprofit organization based in Nashville, TN, classified under NTEE code B92. The organization reported total revenue of $120K and total assets of $104K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nashville Sounds Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nashville Sounds Foundation is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $133K |
| Surplus / Deficit | $-25,117 |
| Total Assets | $111K |
| Net Assets | $111K |
| Operating Margin | -23.2% |
| Months of Reserves | 10.0 months |
Financial Health Grade: B
In 2023, Nashville Sounds Foundation reported a deficit of $25K with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Nashville Sounds Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.9% | +80.1% | -18.4% |
| 2022 | +44.8% | +52.7% | +19.0% |
| 2021 | +223.9% | -61.1% | +17.1% |
| 2020 | -87.0% | +98.3% | -52.5% |
| 2019 | +156.1% | +23.8% | +92.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Nashville Sounds Foundation 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, Nashville Sounds Foundation 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 $25K, with expenses exceeding revenue.
Executive Compensation Analysis
The Nashville Sounds Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other entities, which is a strong positive for directing funds to programs.
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 Nashville Sounds Foundation's IRS 990 filings:
- Inconsistent revenue generation, with significant drops in certain years (e.g., $20,434 in 2020).
- Expenses exceeding revenue in multiple periods (e.g., 2023: expenses $133,284 vs. revenue $108,167; 2020: expenses $124,558 vs. revenue $20,434), which could impact long-term sustainability if not addressed.
Strengths
The following positive indicators were identified for Nashville Sounds Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to mission.
- Generally low or zero liabilities, demonstrating strong financial management and solvency.
- Positive asset growth in several periods, such as from $97,864 in 2020 to $114,616 in 2021 and $136,448 in 2022.
- Strong program focus implied by the lack of executive compensation and low administrative overhead.
Frequently Asked Questions about Nashville Sounds Foundation
Is Nashville Sounds Foundation a legitimate charity?
Nashville Sounds Foundation (EIN: 200896207) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $120K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Nashville Sounds Foundation spend its money?
Nashville Sounds Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nashville Sounds Foundation tax-deductible?
Nashville Sounds Foundation is registered as a tax-exempt nonprofit (EIN: 200896207). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nashville Sounds Foundation's spending goes to programs?
Nashville Sounds Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nashville Sounds Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Nashville Sounds Foundation is above average for NTEE category B92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nashville Sounds Foundation located?
Nashville Sounds Foundation is headquartered in Nashville, Tennessee and files with the IRS under EIN 200896207. It is classified under NTEE code B92.
How many years of IRS 990 filings does Nashville Sounds Foundation have?
Nashville Sounds Foundation 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 $120K in total revenue.
Is Nashville Sounds Foundation a good charity?
Based on the available data, the Nashville Sounds Foundation appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, indicating a strong commitment to program spending and transparency. While there are years where expenses exceed revenue, suggesting fluctuating financial performance, the overall trend shows a responsible approach to managing assets and liabilities.
How has the organization's revenue trended over the past few years?
The organization's revenue has fluctuated significantly. It saw a dip to $20,434 in 2020, rebounded to $66,186 in 2021, grew to $95,820 in 2022, and reached $108,167 in 2023, showing a general upward trend post-2020 but with volatility.
What is the organization's approach to executive compensation?
The Nashville Sounds Foundation consistently reports 0% officer compensation in all its IRS 990 filings, indicating that no salaries are paid to its officers directly from the organization's funds, which is a highly positive sign for donor confidence.
Does the organization have any liabilities?
For most recent periods (2023, 2022, 2021), the organization reported $0 in liabilities. There was a small liability of $975 in 2020 and $4,893 in 2019, but generally, the foundation maintains a very low or zero liability profile.
Filing History
IRS 990 filing history for Nashville Sounds Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nashville Sounds Foundation's revenue has grown by 79.3%, moving from $60K to $108K. Total assets increased by 1053.6% over the same period, from $10K to $111K. Total functional expenses rose by 123.6%, from $60K to $133K. In its most recent filing year (2023), Nashville Sounds Foundation reported a deficit of $25K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $133K | $111K | $0 | — | View 990 |
| 2022 | $96K | $74K | $136K | $0 | — | View 990 |
| 2021 | $66K | $48K | $115K | $0 | — | — |
| 2020 | $20K | $125K | $98K | $975 | — | View 990 |
| 2019 | $157K | $63K | $206K | $5K | — | View 990 |
| 2018 | $61K | $51K | $107K | $287 | — | View 990 |
| 2017 | $86K | $67K | $96K | $42 | — | View 990 |
| 2016 | $66K | $77K | $77K | $0 | — | View 990 |
| 2015 | $91K | $27K | $88K | $0 | — | View 990 |
| 2014 | $77K | $70K | $24K | $0 | — | View 990 |
| 2013 | $78K | $69K | $17K | $0 | — | View 990 |
| 2012 | $58K | $59K | $9K | $33 | — | View 990 |
| 2011 | $60K | $60K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $133K, and assets of $111K (revenue +12.9% year-over-year).
- 2022: Revenue of $96K, expenses of $74K, and assets of $136K (revenue +44.8% year-over-year).
- 2021: Revenue of $66K, expenses of $48K, and assets of $115K (revenue +223.9% year-over-year).
- 2020: Revenue of $20K, expenses of $125K, and assets of $98K (revenue -87.0% year-over-year).
- 2019: Revenue of $157K, expenses of $63K, and assets of $206K (revenue +156.1% year-over-year).
- 2018: Revenue of $61K, expenses of $51K, and assets of $107K (revenue -28.6% year-over-year).
- 2017: Revenue of $86K, expenses of $67K, and assets of $96K (revenue +30.0% year-over-year).
- 2016: Revenue of $66K, expenses of $77K, and assets of $77K (revenue -26.9% year-over-year).
- 2015: Revenue of $91K, expenses of $27K, and assets of $88K (revenue +17.4% year-over-year).
- 2014: Revenue of $77K, expenses of $70K, and assets of $24K (revenue -1.1% year-over-year).
- 2013: Revenue of $78K, expenses of $69K, and assets of $17K (revenue +34.8% year-over-year).
- 2012: Revenue of $58K, expenses of $59K, and assets of $9K (revenue -4.1% year-over-year).
- 2011: Revenue of $60K, expenses of $60K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nashville Sounds Foundation:
Data Sources and Methodology
This transparency report for Nashville Sounds Foundation 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.