Pakachoag Music School Of Greater Worcester
EIN: 43029253 · Worcester, MA · NTEE: A6E0
| Metric | Value |
|---|---|
| Total Revenue | $418K |
| Total Expenses | $502K |
| Net Assets | $564K |
Is Pakachoag Music School Of Greater Worcester Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pakachoag Music School Of Greater Worcester
Pakachoag Music School Of Greater Worcester (EIN: 43029253) is a nonprofit organization based in Worcester, MA, classified under NTEE code A6E0. The organization reported total revenue of $418K and total assets of $629K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pakachoag Music School Of Greater Worcester's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pakachoag Music School Of Greater Worcester is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $619K |
| Total Expenses | $502K |
| Surplus / Deficit | +$118K |
| Total Assets | $759K |
| Total Liabilities | $194K |
| Net Assets | $564K |
| Operating Margin | 19.0% |
| Debt-to-Asset Ratio | 25.6% |
| Months of Reserves | 18.1 months |
Financial Health Grade: A
In 2023, Pakachoag Music School Of Greater Worcester reported a surplus of $118K with revenue exceeding expenses, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 25.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Pakachoag Music School Of Greater Worcester's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +6.5% | +45.8% |
| 2022 | +24.2% | -3.3% | +41.3% |
| 2020 | +19.0% | +8.8% | +7.4% |
| 2019 | -23.7% | +1.6% | -2.9% |
| 2018 | +17.1% | +3.6% | +18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pakachoag Music School Of Greater Worcester 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 Pakachoag Music School Of Greater Worcester 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 $118K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.6%.
Frequently Asked Questions about Pakachoag Music School Of Greater Worcester
Is Pakachoag Music School Of Greater Worcester a legitimate charity?
Based on AI analysis of IRS 990 filings, Pakachoag Music School Of Greater Worcester (EIN: 43029253) insufficient data. 0 red flags identified, 0 strengths noted.
How does Pakachoag Music School Of Greater Worcester spend its money?
Detailed spending breakdown data is not yet available for Pakachoag Music School Of Greater Worcester. Check back for updated IRS 990 analysis.
Are donations to Pakachoag Music School Of Greater Worcester tax-deductible?
Pakachoag Music School Of Greater Worcester is registered as a tax-exempt nonprofit (EIN: 43029253). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pakachoag Music School Of Greater Worcester located?
Pakachoag Music School Of Greater Worcester is headquartered in Worcester, Massachusetts and files with the IRS under EIN 43029253. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Pakachoag Music School Of Greater Worcester have?
Pakachoag Music School Of Greater Worcester 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 $418K in total revenue.
Filing History
IRS 990 filing history for Pakachoag Music School Of Greater Worcester showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Pakachoag Music School Of Greater Worcester's revenue has grown by 111.7%, moving from $292K to $619K. Total assets increased by 402.2% over the same period, from $151K to $759K. Total functional expenses rose by 77.4%, from $283K to $502K. In its most recent filing year (2023), Pakachoag Music School Of Greater Worcester reported a surplus of $118K, with revenue exceeding expenses. The organization holds $194K in liabilities against $759K in assets (debt-to-asset ratio: 25.6%), resulting in net assets of $564K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $619K | $502K | $759K | $194K | — | — |
| 2022 | $607K | $471K | $520K | $73K | — | View 990 |
| 2020 | $488K | $487K | $368K | $119K | — | View 990 |
| 2019 | $410K | $448K | $343K | $69K | — | — |
| 2018 | $538K | $441K | $353K | $74K | — | View 990 |
| 2017 | $459K | $425K | $297K | $91K | — | View 990 |
| 2016 | $407K | $383K | $255K | $74K | — | View 990 |
| 2015 | $342K | $342K | $160K | $52K | — | View 990 |
| 2014 | $324K | $275K | $161K | $55K | — | View 990 |
| 2013 | $318K | $316K | $156K | $58K | — | View 990 |
| 2012 | $343K | $330K | $149K | $48K | — | View 990 |
| 2011 | $292K | $283K | $151K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $619K, expenses of $502K, and assets of $759K (revenue +2.0% year-over-year).
- 2022: Revenue of $607K, expenses of $471K, and assets of $520K (revenue +24.2% year-over-year).
- 2020: Revenue of $488K, expenses of $487K, and assets of $368K (revenue +19.0% year-over-year).
- 2019: Revenue of $410K, expenses of $448K, and assets of $343K (revenue -23.7% year-over-year).
- 2018: Revenue of $538K, expenses of $441K, and assets of $353K (revenue +17.1% year-over-year).
- 2017: Revenue of $459K, expenses of $425K, and assets of $297K (revenue +12.8% year-over-year).
- 2016: Revenue of $407K, expenses of $383K, and assets of $255K (revenue +19.0% year-over-year).
- 2015: Revenue of $342K, expenses of $342K, and assets of $160K (revenue +5.6% year-over-year).
- 2014: Revenue of $324K, expenses of $275K, and assets of $161K (revenue +2.0% year-over-year).
- 2013: Revenue of $318K, expenses of $316K, and assets of $156K (revenue -7.4% year-over-year).
- 2012: Revenue of $343K, expenses of $330K, and assets of $149K (revenue +17.3% year-over-year).
- 2011: Revenue of $292K, expenses of $283K, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pakachoag Music School Of Greater Worcester:
Data Sources and Methodology
This transparency report for Pakachoag Music School Of Greater Worcester 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.