Noank Mystic Community Band Inc
EIN: 61007236 · Noank, CT
| Metric | Value |
|---|---|
| Total Expenses | $37K |
| Net Assets | $-737 |
Is Noank Mystic Community Band Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Noank Mystic Community Band Inc
Noank Mystic Community Band Inc (EIN: 61007236) is a nonprofit organization based in Noank, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Noank Mystic Community Band Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Noank Mystic Community Band Inc is a micro nonprofit that has been operating for 47 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of 16.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $37K |
| Surplus / Deficit | $-737 |
| Total Assets | $41K |
| Total Liabilities | $42K |
| Net Assets | $-737 |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 101.8% |
| Months of Reserves | 13.5 months |
Financial Health Grade: C
In 2024, Noank Mystic Community Band Inc reported a deficit of $737 with expenses exceeding revenue, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 101.8% (high leverage).
Financial Trends
Over 2 years of filings (2023–2024), Noank Mystic Community Band Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.9% | +22.4% | +5245.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Noank Mystic Community Band Inc 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 Noank Mystic Community Band Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $737, with expenses exceeding revenue.
- Debt-to-asset ratio: 101.8%.
Frequently Asked Questions about Noank Mystic Community Band Inc
Is Noank Mystic Community Band Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Noank Mystic Community Band Inc (EIN: 61007236) insufficient data. 0 red flags identified, 0 strengths noted.
How does Noank Mystic Community Band Inc spend its money?
Detailed spending breakdown data is not yet available for Noank Mystic Community Band Inc. Check back for updated IRS 990 analysis.
Are donations to Noank Mystic Community Band Inc tax-deductible?
Noank Mystic Community Band Inc is registered as a tax-exempt nonprofit (EIN: 61007236). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Noank Mystic Community Band Inc located?
Noank Mystic Community Band Inc is headquartered in Noank, Connecticut and files with the IRS under EIN 61007236.
How many years of IRS 990 filings does Noank Mystic Community Band Inc have?
Noank Mystic Community Band Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Noank Mystic Community Band Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Noank Mystic Community Band Inc's revenue has grown by 16.9%, moving from $31K to $36K. Total assets increased by 5245.1% over the same period, from $768 to $41K. Total functional expenses rose by 22.4%, from $30K to $37K. In its most recent filing year (2024), Noank Mystic Community Band Inc reported a deficit of $737, with expenses exceeding revenue. The organization holds $42K in liabilities against $41K in assets (debt-to-asset ratio: 101.8%), resulting in net assets of $-737.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $36K | $37K | $41K | $42K | — | — |
| 2023 | $31K | $30K | $768 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Noank Mystic Community Band Inc:
Data Sources and Methodology
This transparency report for Noank Mystic Community Band 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.