New Orleans Musicians Assistancefoundation
New Orleans Musicians Assistance Foundation maintains strong assets with no executive compensation, despite recent revenue dip.
EIN: 208139539 · New Orleans, LA · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| Net Assets | $2.4M |
| Transparency Score | 90/100 |
Is New Orleans Musicians Assistancefoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Orleans Musicians Assistancefoundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Orleans Musicians Assistancefoundation
New Orleans Musicians Assistancefoundation (EIN: 208139539) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A68. The organization reported total revenue of $2.1M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Orleans Musicians Assistancefoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Orleans Musicians Assistancefoundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-290,808 |
| Total Assets | $2.5M |
| Total Liabilities | $86K |
| Net Assets | $2.4M |
| Operating Margin | -25.6% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 21.3 months |
Financial Health Grade: B
In 2023, New Orleans Musicians Assistancefoundation reported a deficit of $291K with expenses exceeding revenue, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Orleans Musicians Assistancefoundation's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.7% | +8.5% | -0.1% |
| 2022 | -20.9% | -3.4% | -3.4% |
| 2021 | -32.7% | -50.5% | +34.5% |
| 2020 | +230.5% | +237.4% | +16.8% |
| 2019 | +44.7% | -5.9% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 New Orleans Musicians Assistancefoundation 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, New Orleans Musicians Assistancefoundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $291K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure or that compensation is reported under other expense categories.
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 New Orleans Musicians Assistancefoundation's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($1,427,977 expenses vs. $1,137,169 revenue), indicating a deficit for the year.
Strengths
The following positive indicators were identified for New Orleans Musicians Assistancefoundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
- Strong asset base ($2,534,148 in 2023) relative to liabilities ($86,113 in 2023), demonstrating financial stability.
- Long history of IRS 990 filings (13 filings), showing consistent transparency and compliance.
- Healthy asset-to-liability ratio across all reported periods.
- Clear mission alignment with NTEE code A68 (Performing Arts, Music).
Frequently Asked Questions about New Orleans Musicians Assistancefoundation
Is New Orleans Musicians Assistancefoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Orleans Musicians Assistancefoundation (EIN: 208139539) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does New Orleans Musicians Assistancefoundation spend its money?
New Orleans Musicians Assistancefoundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Orleans Musicians Assistancefoundation tax-deductible?
New Orleans Musicians Assistancefoundation is registered as a tax-exempt nonprofit (EIN: 208139539). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Orleans Musicians Assistancefoundation's spending goes to programs?
New Orleans Musicians Assistancefoundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Orleans Musicians Assistancefoundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New Orleans Musicians Assistancefoundation is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Orleans Musicians Assistancefoundation located?
New Orleans Musicians Assistancefoundation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 208139539. It is classified under NTEE code A68.
How many years of IRS 990 filings does New Orleans Musicians Assistancefoundation have?
New Orleans Musicians Assistancefoundation 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 $2.1M in total revenue.
Is New Orleans Musicians Assistancefoundation a good charity?
Based on the available data, the New Orleans Musicians Assistance Foundation appears to be a good charity. It consistently reports zero officer compensation, maintains a healthy asset-to-liability ratio, and has a long history of IRS filings, all indicating strong financial stewardship and transparency.
How does the organization manage without executive compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive functions are performed by staff whose compensation is categorized differently, or that the organization has a unique operational model that minimizes top-level salary expenses.
What caused the revenue fluctuation, especially the peak in 2020 and the dip in 2023?
The significant revenue peak in 2020 ($2,912,575) could be attributed to specific grants or fundraising efforts, possibly related to pandemic relief for musicians. The subsequent dip in 2023 ($1,137,169) might reflect a return to pre-pandemic funding levels or a specific decrease in grant funding, but further details would require reviewing the full 990 forms.
Filing History
IRS 990 filing history for New Orleans Musicians Assistancefoundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Orleans Musicians Assistancefoundation's revenue has grown by 17.1%, moving from $971K to $1.1M. Total assets increased by 68.5% over the same period, from $1.5M to $2.5M. Total functional expenses rose by 81%, from $789K to $1.4M. In its most recent filing year (2023), New Orleans Musicians Assistancefoundation reported a deficit of $291K, with expenses exceeding revenue. The organization holds $86K in liabilities against $2.5M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $2.5M | $86K | — | — |
| 2022 | $1.6M | $1.3M | $2.5M | $75K | — | View 990 |
| 2021 | $2.0M | $1.4M | $2.6M | $66K | — | View 990 |
| 2020 | $2.9M | $2.8M | $2.0M | $67K | — | View 990 |
| 2019 | $881K | $816K | $1.7M | $77K | — | View 990 |
| 2018 | $609K | $867K | $1.5M | $36K | — | View 990 |
| 2017 | $866K | $751K | $1.7M | $7K | — | View 990 |
| 2016 | $773K | $770K | $1.6M | $31K | — | View 990 |
| 2015 | $980K | $719K | $1.6M | $38K | — | View 990 |
| 2014 | $786K | $800K | $1.3M | $37K | — | View 990 |
| 2013 | $1.0M | $917K | $1.4M | $101K | — | View 990 |
| 2012 | $661K | $767K | $1.3M | $101K | — | View 990 |
| 2011 | $971K | $789K | $1.5M | $194K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $2.5M (revenue -26.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.3M, and assets of $2.5M (revenue -20.9% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.4M, and assets of $2.6M (revenue -32.7% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.8M, and assets of $2.0M (revenue +230.5% year-over-year).
- 2019: Revenue of $881K, expenses of $816K, and assets of $1.7M (revenue +44.7% year-over-year).
- 2018: Revenue of $609K, expenses of $867K, and assets of $1.5M (revenue -29.7% year-over-year).
- 2017: Revenue of $866K, expenses of $751K, and assets of $1.7M (revenue +12.1% year-over-year).
- 2016: Revenue of $773K, expenses of $770K, and assets of $1.6M (revenue -21.2% year-over-year).
- 2015: Revenue of $980K, expenses of $719K, and assets of $1.6M (revenue +24.8% year-over-year).
- 2014: Revenue of $786K, expenses of $800K, and assets of $1.3M (revenue -24.5% year-over-year).
- 2013: Revenue of $1.0M, expenses of $917K, and assets of $1.4M (revenue +57.6% year-over-year).
- 2012: Revenue of $661K, expenses of $767K, and assets of $1.3M (revenue -31.9% year-over-year).
- 2011: Revenue of $971K, expenses of $789K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Orleans Musicians Assistancefoundation:
Data Sources and Methodology
This transparency report for New Orleans Musicians Assistancefoundation 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.