Ozone Music Education Foundation Inc
EIN: 823537465 · Pearl River, LA · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $35K |
| Net Assets | $77K |
Is Ozone Music Education Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ozone Music Education Foundation Inc
Ozone Music Education Foundation Inc (EIN: 823537465) is a nonprofit organization based in Pearl River, LA, classified under NTEE code A68. The organization reported total revenue of $75K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ozone Music Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ozone Music Education Foundation Inc is a micro nonprofit that has been operating for 8 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $35K |
| Surplus / Deficit | +$24K |
| Total Assets | $78K |
| Total Liabilities | $1K |
| Net Assets | $77K |
| Operating Margin | 40.7% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 26.8 months |
Financial Health Grade: A
In 2023, Ozone Music Education Foundation Inc reported a surplus of $24K with revenue exceeding expenses, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ozone Music Education Foundation 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 Ozone Music Education Foundation 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 surplus of $24K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about Ozone Music Education Foundation Inc
Is Ozone Music Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ozone Music Education Foundation Inc (EIN: 823537465) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ozone Music Education Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Ozone Music Education Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Ozone Music Education Foundation Inc tax-deductible?
Ozone Music Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 823537465). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ozone Music Education Foundation Inc located?
Ozone Music Education Foundation Inc is headquartered in Pearl River, Louisiana and files with the IRS under EIN 823537465. It is classified under NTEE code A68.
Filing History
IRS 990 filing history for Ozone Music Education Foundation Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Ozone Music Education Foundation Inc reported a surplus of $24K, with revenue exceeding expenses. The organization holds $1K in liabilities against $78K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $77K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $35K | $78K | $1K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ozone Music Education Foundation Inc:
Data Sources and Methodology
This transparency report for Ozone Music Education Foundation 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.