Otter Creek Music Festival Inc
EIN: 454040116 · Shoreham, VT · NTEE: A25
| Metric | Value |
|---|---|
| Total Expenses | $2K |
| Net Assets | $41K |
Is Otter Creek Music Festival Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Otter Creek Music Festival Inc
Otter Creek Music Festival Inc (EIN: 454040116) is a nonprofit organization based in Shoreham, VT, classified under NTEE code A25. 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 Otter Creek Music Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Otter Creek Music Festival Inc is a micro nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2021–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,565 |
| Total Assets | $41K |
| Net Assets | $41K |
| Operating Margin | -156500.0% |
| Months of Reserves | 315.6 months |
Financial Health Grade: B
In 2023, Otter Creek Music Festival Inc reported a deficit of $2K with expenses exceeding revenue, holds 315.6 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -61.7% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Otter Creek Music Festival 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 Otter Creek Music Festival 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Frequently Asked Questions about Otter Creek Music Festival Inc
Is Otter Creek Music Festival Inc a legitimate charity?
Otter Creek Music Festival Inc (EIN: 454040116) is a registered tax-exempt nonprofit based in Vermont. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Otter Creek Music Festival Inc spend its money?
Otter Creek Music Festival Inc reported its financials in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Otter Creek Music Festival Inc tax-deductible?
Otter Creek Music Festival Inc is registered as a tax-exempt nonprofit (EIN: 454040116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Otter Creek Music Festival Inc located?
Otter Creek Music Festival Inc is headquartered in Shoreham, Vermont and files with the IRS under EIN 454040116. It is classified under NTEE code A25.
How many years of IRS 990 filings does Otter Creek Music Festival Inc have?
Otter Creek Music Festival Inc has 3 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 Otter Creek Music Festival Inc showing financial trends over 3 years of public records:
Total assets increased by 509.9% over the same period, from $7K to $41K. Total functional expenses fell by 98.1%, from $81K to $2K. In its most recent filing year (2023), Otter Creek Music Festival Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $2K | $41K | $0 | — | — |
| 2022 | $40K | $4K | $43K | $0 | — | — |
| 2021 | $-212,717 | $81K | $7K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $2K, and assets of $41K (revenue -100.0% year-over-year).
- 2022: Revenue of $40K, expenses of $4K, and assets of $43K.
- 2021: Revenue of $-212,717, expenses of $81K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Otter Creek Music Festival Inc:
Data Sources and Methodology
This transparency report for Otter Creek Music Festival 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.