Pinecone The Piedmont Council Of Traditional Music
EIN: 581603429 · Raleigh, NC · NTEE: A200
Is Pinecone The Piedmont Council Of Traditional Music Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pinecone The Piedmont Council Of Traditional Music
Pinecone The Piedmont Council Of Traditional Music (EIN: 581603429) is a nonprofit organization based in Raleigh, NC, classified under NTEE code A200. The organization reported total revenue of $896K and total assets of $882K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pinecone The Piedmont Council Of Traditional Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pinecone The Piedmont Council Of Traditional Music is a small nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $846K |
| Total Expenses | $770K |
| Surplus / Deficit | +$77K |
| Total Assets | $1.0M |
| Total Liabilities | $119K |
| Net Assets | $883K |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Pinecone The Piedmont Council Of Traditional Music reported a surplus of $77K with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Pinecone The Piedmont Council Of Traditional Music's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.8% | +18.9% | -2.1% |
| 2022 | +82.3% | +16.1% | +60.3% |
| 2021 | -45.4% | -20.7% | +26.7% |
| 2020 | +45.7% | -17.5% | +93.1% |
| 2019 | -39.3% | -5.1% | -31.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pinecone The Piedmont Council Of Traditional Music 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 Pinecone The Piedmont Council Of Traditional Music 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 $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.9%.
Frequently Asked Questions about Pinecone The Piedmont Council Of Traditional Music
Is Pinecone The Piedmont Council Of Traditional Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Pinecone The Piedmont Council Of Traditional Music (EIN: 581603429) insufficient data. 0 red flags identified, 0 strengths noted.
How does Pinecone The Piedmont Council Of Traditional Music spend its money?
Detailed spending breakdown data is not yet available for Pinecone The Piedmont Council Of Traditional Music. Check back for updated IRS 990 analysis.
Are donations to Pinecone The Piedmont Council Of Traditional Music tax-deductible?
Pinecone The Piedmont Council Of Traditional Music is registered as a tax-exempt nonprofit (EIN: 581603429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Pinecone The Piedmont Council Of Traditional Music showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Pinecone The Piedmont Council Of Traditional Music's revenue has grown by 139%, moving from $354K to $846K. Total assets increased by 479.6% over the same period, from $173K to $1.0M. Total functional expenses rose by 87.7%, from $410K to $770K. In its most recent filing year (2023), Pinecone The Piedmont Council Of Traditional Music reported a surplus of $77K, with revenue exceeding expenses. The organization holds $119K in liabilities against $1.0M in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $883K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $846K | $770K | $1.0M | $119K | — | — |
| 2022 | $982K | $647K | $1.0M | $217K | — | View 990 |
| 2021 | $538K | $558K | $638K | $166K | — | — |
| 2020 | $986K | $703K | $504K | $49K | — | View 990 |
| 2019 | $677K | $852K | $261K | $75K | — | View 990 |
| 2018 | $1.1M | $898K | $382K | $21K | — | — |
| 2017 | $812K | $776K | $153K | $9K | — | View 990 |
| 2016 | $763K | $767K | $116K | $8K | — | View 990 |
| 2015 | $748K | $664K | $119K | $7K | — | View 990 |
| 2014 | $443K | $445K | $34K | $6K | — | View 990 |
| 2013 | $357K | $394K | $35K | $5K | — | View 990 |
| 2012 | $354K | $410K | $173K | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $846K, expenses of $770K, and assets of $1.0M (revenue -13.8% year-over-year).
- 2022: Revenue of $982K, expenses of $647K, and assets of $1.0M (revenue +82.3% year-over-year).
- 2021: Revenue of $538K, expenses of $558K, and assets of $638K (revenue -45.4% year-over-year).
- 2020: Revenue of $986K, expenses of $703K, and assets of $504K (revenue +45.7% year-over-year).
- 2019: Revenue of $677K, expenses of $852K, and assets of $261K (revenue -39.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $898K, and assets of $382K (revenue +37.3% year-over-year).
- 2017: Revenue of $812K, expenses of $776K, and assets of $153K (revenue +6.5% year-over-year).
- 2016: Revenue of $763K, expenses of $767K, and assets of $116K (revenue +2.0% year-over-year).
- 2015: Revenue of $748K, expenses of $664K, and assets of $119K (revenue +68.7% year-over-year).
- 2014: Revenue of $443K, expenses of $445K, and assets of $34K (revenue +24.1% year-over-year).
- 2013: Revenue of $357K, expenses of $394K, and assets of $35K (revenue +0.9% year-over-year).
- 2012: Revenue of $354K, expenses of $410K, and assets of $173K.
Data Sources and Methodology
This transparency report for Pinecone The Piedmont Council Of Traditional Music 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.