Northwest Community Music Academy

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Northwest Community Music Academy Form 990, Revenue, CEO Pay, and IRS Filing Signals

Northwest Community Music Academy is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Northwest Community Music Academy in one place.

Is Northwest Community Music Academy Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Northwest Community Music Academy shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Northwest Community Music Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Northwest Community Music Academy

Northwest Community Music Academy (EIN: 203174820) is a nonprofit organization based in Crystal Lake, IL, classified under NTEE code A68. The organization reported total revenue of $1.1M and total assets of $396K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwest Community Music Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Northwest Community Music Academy 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 14.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Northwest Community Music Academy reported a surplus of $27K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 78.7% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Northwest Community Music Academy's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.

IRS Tax-Exempt Classification

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 Northwest Community Music Academy with a Mission Score of 92 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, Northwest Community Music Academy 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 surplus of $27K, with revenue exceeding expenses.
• Debt-to-asset ratio: 78.7%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is a strong positive for financial efficiency and mission focus.

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.

Strengths

The following positive indicators were identified for Northwest Community Music Academy:

• Consistent and significant revenue growth, from $195,986 in 2014 to $903,352 in 2023.
• Strong asset growth, increasing from $50,072 in 2014 to $462,014 in 2023.
• 0% officer compensation reported across all 13 filings, indicating high efficiency and dedication to mission.
• Expenses generally well-managed and aligned with revenue, preventing significant deficits.
• Positive net income in most recent years (e.g., $26,910 in 2023, $102,013 in 2021), contributing to asset building.

Frequently Asked Questions about Northwest Community Music Academy

Filing History

IRS 990 filing history for Northwest Community Music Academy showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Northwest Community Music Academy's revenue has grown by 417.6%, moving from $175K to $903K. Total assets increased by 1848.5% over the same period, from $24K to $462K. Total functional expenses rose by 363.5%, from $189K to $876K. In its most recent filing year (2023), Northwest Community Music Academy reported a surplus of $27K, with revenue exceeding expenses. The organization holds $364K in liabilities against $462K in assets (debt-to-asset ratio: 78.7%), resulting in net assets of $98K.

Year-by-Year Financial Summary

• 2023: Revenue of $903K, expenses of $876K, and assets of $462K (revenue +17.7% year-over-year).
• 2022: Revenue of $767K, expenses of $810K, and assets of $438K (revenue +1.9% year-over-year).
• 2021: Revenue of $753K, expenses of $651K, and assets of $278K (revenue +26.2% year-over-year).
• 2020: Revenue of $597K, expenses of $595K, and assets of $138K (revenue +84.0% year-over-year).
• 2019: Revenue of $324K, expenses of $324K, and assets of $94K (revenue +15.4% year-over-year).
• 2018: Revenue of $281K, expenses of $285K, and assets of $53K (revenue +8.2% year-over-year).
• 2017: Revenue of $260K, expenses of $261K, and assets of $54K (revenue -4.9% year-over-year).
• 2016: Revenue of $273K, expenses of $278K, and assets of $57K (revenue +14.7% year-over-year).
• 2015: Revenue of $238K, expenses of $230K, and assets of $56K (revenue +21.5% year-over-year).
• 2014: Revenue of $196K, expenses of $196K, and assets of $50K (revenue +1.2% year-over-year).
• 2013: Revenue of $194K, expenses of $188K, and assets of $47K (revenue -5.2% year-over-year).
• 2012: Revenue of $204K, expenses of $199K, and assets of $43K (revenue +17.1% year-over-year).
• 2011: Revenue of $175K, expenses of $189K, and assets of $24K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Northwest Community Music Academy:

Data Sources and Methodology

This transparency report for Northwest Community Music Academy 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.