Prairie Music Association
EIN: 421504960 · Cedar Rapids, IA · NTEE: A6B
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $41K |
| Net Assets | $266K |
Is Prairie Music Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prairie Music Association
Prairie Music Association (EIN: 421504960) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code A6B. The organization reported total revenue of $132K and total assets of $266K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prairie Music Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prairie Music Association is a small nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $41K |
| Surplus / Deficit | +$40K |
| Total Assets | $266K |
| Net Assets | $266K |
| Operating Margin | 49.0% |
| Months of Reserves | 77.1 months |
Financial Health Grade: A
In 2024, Prairie Music Association reported a surplus of $40K with revenue exceeding expenses, holds 77.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Prairie Music Association's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.0% | -30.6% | +17.6% |
| 2023 | +11.7% | +8.2% | +8.9% |
| 2022 | +256.0% | +147.7% | +7.7% |
| 2021 | -74.6% | -55.7% | -1.3% |
| 2020 | +1.3% | -10.8% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prairie Music 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 Prairie Music 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
Frequently Asked Questions about Prairie Music Association
Is Prairie Music Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Prairie Music Association (EIN: 421504960) insufficient data. 0 red flags identified, 0 strengths noted.
How does Prairie Music Association spend its money?
Detailed spending breakdown data is not yet available for Prairie Music Association. Check back for updated IRS 990 analysis.
Are donations to Prairie Music Association tax-deductible?
Prairie Music Association is registered as a tax-exempt nonprofit (EIN: 421504960). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Prairie Music Association located?
Prairie Music Association is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 421504960. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Prairie Music Association have?
Prairie Music Association has 14 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 $132K in total revenue.
Filing History
IRS 990 filing history for Prairie Music Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Prairie Music Association's revenue has declined by 34.8%, moving from $125K to $81K. Total assets increased by 378.3% over the same period, from $56K to $266K. Total functional expenses fell by 66.3%, from $123K to $41K. In its most recent filing year (2024), Prairie Music Association reported a surplus of $40K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $81K | $41K | $266K | $0 | — | — |
| 2023 | $78K | $60K | $226K | $0 | — | — |
| 2022 | $70K | $55K | $208K | $0 | — | — |
| 2021 | $20K | $22K | $193K | $0 | — | — |
| 2020 | $77K | $50K | $196K | $0 | — | — |
| 2019 | $76K | $56K | $169K | $0 | — | View 990 |
| 2018 | $81K | $62K | $149K | $0 | — | View 990 |
| 2017 | $89K | $108K | $130K | $0 | — | View 990 |
| 2016 | $91K | $62K | $160K | $10K | — | View 990 |
| 2015 | $91K | $59K | $138K | $17K | — | View 990 |
| 2014 | $100K | $113K | $111K | $23K | — | View 990 |
| 2013 | $139K | $117K | $81K | $0 | — | — |
| 2012 | $128K | $124K | $60K | $0 | — | View 990 |
| 2011 | $125K | $123K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $81K, expenses of $41K, and assets of $266K (revenue +4.0% year-over-year).
- 2023: Revenue of $78K, expenses of $60K, and assets of $226K (revenue +11.7% year-over-year).
- 2022: Revenue of $70K, expenses of $55K, and assets of $208K (revenue +256.0% year-over-year).
- 2021: Revenue of $20K, expenses of $22K, and assets of $193K (revenue -74.6% year-over-year).
- 2020: Revenue of $77K, expenses of $50K, and assets of $196K (revenue +1.3% year-over-year).
- 2019: Revenue of $76K, expenses of $56K, and assets of $169K (revenue -5.4% year-over-year).
- 2018: Revenue of $81K, expenses of $62K, and assets of $149K (revenue -9.3% year-over-year).
- 2017: Revenue of $89K, expenses of $108K, and assets of $130K (revenue -2.0% year-over-year).
- 2016: Revenue of $91K, expenses of $62K, and assets of $160K (revenue +-0.0% year-over-year).
- 2015: Revenue of $91K, expenses of $59K, and assets of $138K (revenue -9.4% year-over-year).
- 2014: Revenue of $100K, expenses of $113K, and assets of $111K (revenue -28.1% year-over-year).
- 2013: Revenue of $139K, expenses of $117K, and assets of $81K (revenue +9.2% year-over-year).
- 2012: Revenue of $128K, expenses of $124K, and assets of $60K (revenue +2.4% year-over-year).
- 2011: Revenue of $125K, expenses of $123K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prairie Music Association:
Data Sources and Methodology
This transparency report for Prairie Music 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.