Olentangy Music Boosters Association
EIN: 311672370 · Lewis Center, OH · NTEE: B112
| Metric | Value |
|---|---|
| Total Revenue | $596K |
| Total Expenses | $374K |
| Net Assets | $105K |
Is Olentangy Music Boosters Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Olentangy Music Boosters Association
Olentangy Music Boosters Association (EIN: 311672370) is a nonprofit organization based in Lewis Center, OH, classified under NTEE code B112. The organization reported total revenue of $596K and total assets of $192K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olentangy Music Boosters Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olentangy Music Boosters Association is a small nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $341K |
| Total Expenses | $374K |
| Surplus / Deficit | $-32,768 |
| Total Assets | $132K |
| Total Liabilities | $28K |
| Net Assets | $105K |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 20.9% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Olentangy Music Boosters Association reported a deficit of $33K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 20.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Olentangy Music Boosters Association's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.3% | +36.8% | -17.6% |
| 2022 | +85.9% | +115.0% | +1.5% |
| 2021 | -35.1% | -43.4% | +12.8% |
| 2020 | +54.8% | +115.9% | -17.7% |
| 2019 | -19.9% | -33.1% | +25.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Olentangy Music Boosters Association 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 Olentangy Music Boosters Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.9%.
Frequently Asked Questions about Olentangy Music Boosters Association
Is Olentangy Music Boosters Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Olentangy Music Boosters Association (EIN: 311672370) insufficient data. 0 red flags identified, 0 strengths noted.
How does Olentangy Music Boosters Association spend its money?
Detailed spending breakdown data is not yet available for Olentangy Music Boosters Association. Check back for updated IRS 990 analysis.
Are donations to Olentangy Music Boosters Association tax-deductible?
Olentangy Music Boosters Association is registered as a tax-exempt nonprofit (EIN: 311672370). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Olentangy Music Boosters Association located?
Olentangy Music Boosters Association is headquartered in Lewis Center, Ohio and files with the IRS under EIN 311672370. It is classified under NTEE code B112.
How many years of IRS 990 filings does Olentangy Music Boosters Association have?
Olentangy Music Boosters Association has 12 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 $596K in total revenue.
Filing History
IRS 990 filing history for Olentangy Music Boosters Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Olentangy Music Boosters Association's revenue has grown by 344%, moving from $77K to $341K. Total assets increased by 93.1% over the same period, from $68K to $132K. Total functional expenses rose by 405.2%, from $74K to $374K. In its most recent filing year (2023), Olentangy Music Boosters Association reported a deficit of $33K, with expenses exceeding revenue. The organization holds $28K in liabilities against $132K in assets (debt-to-asset ratio: 20.9%), resulting in net assets of $105K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $341K | $374K | $132K | $28K | — | View 990 |
| 2022 | $272K | $273K | $160K | $17K | — | View 990 |
| 2021 | $146K | $127K | $158K | $13K | — | View 990 |
| 2020 | $226K | $225K | $140K | $14K | — | View 990 |
| 2019 | $146K | $104K | $170K | $38K | — | View 990 |
| 2018 | $182K | $156K | $136K | $55K | — | View 990 |
| 2017 | $156K | $141K | $95K | $23K | — | View 990 |
| 2016 | $134K | $130K | $86K | $0 | — | View 990 |
| 2015 | $132K | $77K | $82K | $0 | — | View 990 |
| 2014 | $86K | $95K | $27K | $0 | — | View 990 |
| 2013 | $96K | $115K | $51K | $0 | — | View 990 |
| 2012 | $77K | $74K | $68K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $341K, expenses of $374K, and assets of $132K (revenue +25.3% year-over-year).
- 2022: Revenue of $272K, expenses of $273K, and assets of $160K (revenue +85.9% year-over-year).
- 2021: Revenue of $146K, expenses of $127K, and assets of $158K (revenue -35.1% year-over-year).
- 2020: Revenue of $226K, expenses of $225K, and assets of $140K (revenue +54.8% year-over-year).
- 2019: Revenue of $146K, expenses of $104K, and assets of $170K (revenue -19.9% year-over-year).
- 2018: Revenue of $182K, expenses of $156K, and assets of $136K (revenue +16.5% year-over-year).
- 2017: Revenue of $156K, expenses of $141K, and assets of $95K (revenue +16.4% year-over-year).
- 2016: Revenue of $134K, expenses of $130K, and assets of $86K (revenue +1.9% year-over-year).
- 2015: Revenue of $132K, expenses of $77K, and assets of $82K (revenue +52.9% year-over-year).
- 2014: Revenue of $86K, expenses of $95K, and assets of $27K (revenue -9.9% year-over-year).
- 2013: Revenue of $96K, expenses of $115K, and assets of $51K (revenue +24.4% year-over-year).
- 2012: Revenue of $77K, expenses of $74K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olentangy Music Boosters Association:
Data Sources and Methodology
This transparency report for Olentangy Music Boosters Association 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.