Northwest Community Music Academy

Northwest Community Music Academy shows strong growth and no executive compensation over the past decade.

EIN: 203174820 · Crystal Lake, IL · NTEE: A68 · Updated: 2026-03-28

$1.1MRevenue

$396KAssets

92/100Mission Score (Excellent)

A68

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.

AI Transparency Report

Northwest Community Music Academy demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating a healthy and expanding operation. For instance, revenue grew from $195,986 in 2014 to $903,352 in 2023, and assets increased from $50,072 to $462,014 in the same period. The organization generally manages its expenses well, with expenses often closely tracking or slightly below revenue, as seen in 2023 where expenses were $876,442 against $903,352 in revenue. This suggests a focus on utilizing funds for current operations rather than accumulating excessive reserves.

The academy's financial health appears stable, with a positive net income in most recent years, contributing to asset growth. The absence of reported officer compensation across all available filings is a significant indicator of strong financial stewardship and a commitment to directing funds towards the mission. This practice enhances public trust and suggests a volunteer-driven leadership model. While specific program spending percentages are not provided in the raw data, the overall financial trends point to an organization effectively managing its resources to support its mission.

Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of key financial metrics. The lack of officer compensation is a particularly strong point for transparency and efficiency, as it means a greater proportion of funds can be allocated directly to programs. The organization's growth trajectory, coupled with prudent financial management and no executive compensation, paints a picture of a well-run and mission-focused nonprofit.

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.

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

Is Northwest Community Music Academy a good charity?

Based on the provided financial data, Northwest Community Music Academy appears to be a very good charity. It demonstrates consistent growth, prudent financial management with expenses generally aligned with revenue, and notably, reports 0% officer compensation across all filings, indicating a strong commitment to its mission and efficient use of funds.

How has the organization's financial health changed over time?

The organization has shown significant financial growth and improved health over the past decade. Revenue increased from $195,986 in 2014 to $903,352 in 2023, and assets grew from $50,072 to $462,014 in the same period, indicating strong expansion and asset accumulation.

What is the organization's approach to executive compensation?

Northwest Community Music Academy has a highly commendable approach to executive compensation, reporting 0% officer compensation in all available IRS 990 filings. This suggests a volunteer-led executive team, allowing more funds to be directed towards program services.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$903K	$876K	$462K	$364K	—	View 990
2022	$767K	$810K	$438K	$367K	—	View 990
2021	$753K	$651K	$278K	$164K	—	View 990
2020	$597K	$595K	$138K	$126K	—	View 990
2019	$324K	$324K	$94K	$84K	—	View 990
2018	$281K	$285K	$53K	$43K	—	View 990
2017	$260K	$261K	$54K	$40K	—	View 990
2016	$273K	$278K	$57K	$41K	—	View 990
2015	$238K	$230K	$56K	$36K	—	View 990
2014	$196K	$196K	$50K	$39K	—	View 990
2013	$194K	$188K	$47K	$36K	—	View 990
2012	$204K	$199K	$43K	$37K	—	View 990
2011	$175K	$189K	$24K	$24K	—	View 990

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.

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.