Presbyterian Association Of Musicians
EIN: 581415015 · Louisville, KY · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $772K |
| Net Assets | $1.5M |
Is Presbyterian Association Of Musicians Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Presbyterian Association Of Musicians
Presbyterian Association Of Musicians (EIN: 581415015) is a nonprofit organization based in Louisville, KY, classified under NTEE code A68. The organization reported total revenue of $1.1M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Presbyterian Association Of Musicians's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Presbyterian Association Of Musicians is a mid-size nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $772K |
| Surplus / Deficit | +$240K |
| Total Assets | $1.7M |
| Total Liabilities | $171K |
| Net Assets | $1.5M |
| Operating Margin | 23.7% |
| Debt-to-Asset Ratio | 10.0% |
| Months of Reserves | 26.7 months |
Financial Health Grade: A
In 2023, Presbyterian Association Of Musicians reported a surplus of $240K with revenue exceeding expenses, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 10.0% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Presbyterian Association Of Musicians's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.8% | +14.0% | +20.6% |
| 2022 | +39.1% | +24.7% | +45.3% |
| 2021 | +26.2% | +21.8% | +31.3% |
| 2020 | -17.5% | -28.1% | +45.8% |
| 2019 | +5.4% | -16.7% | +52.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Presbyterian Association Of Musicians 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 Presbyterian Association Of Musicians 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 $240K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.0%.
Frequently Asked Questions about Presbyterian Association Of Musicians
Is Presbyterian Association Of Musicians a legitimate charity?
Based on AI analysis of IRS 990 filings, Presbyterian Association Of Musicians (EIN: 581415015) insufficient data. 0 red flags identified, 0 strengths noted.
How does Presbyterian Association Of Musicians spend its money?
Detailed spending breakdown data is not yet available for Presbyterian Association Of Musicians. Check back for updated IRS 990 analysis.
Are donations to Presbyterian Association Of Musicians tax-deductible?
Presbyterian Association Of Musicians is registered as a tax-exempt nonprofit (EIN: 581415015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Presbyterian Association Of Musicians located?
Presbyterian Association Of Musicians is headquartered in Louisville, Kentucky and files with the IRS under EIN 581415015. It is classified under NTEE code A68.
How many years of IRS 990 filings does Presbyterian Association Of Musicians have?
Presbyterian Association Of Musicians has 7 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Presbyterian Association Of Musicians showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Presbyterian Association Of Musicians's revenue has grown by 36.3%, moving from $743K to $1.0M. Total assets increased by 320.8% over the same period, from $408K to $1.7M. Total functional expenses rose by 4.1%, from $742K to $772K. In its most recent filing year (2023), Presbyterian Association Of Musicians reported a surplus of $240K, with revenue exceeding expenses. The organization holds $171K in liabilities against $1.7M in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $772K | $1.7M | $171K | — | — |
| 2022 | $1.1M | $677K | $1.4M | $118K | — | — |
| 2021 | $798K | $543K | $980K | $107K | — | View 990 |
| 2020 | $633K | $446K | $746K | $129K | — | — |
| 2019 | $767K | $621K | $512K | $81K | — | View 990 |
| 2018 | $727K | $745K | $337K | $52K | — | View 990 |
| 2017 | $743K | $742K | $408K | $112K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $772K, and assets of $1.7M (revenue -8.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $677K, and assets of $1.4M (revenue +39.1% year-over-year).
- 2021: Revenue of $798K, expenses of $543K, and assets of $980K (revenue +26.2% year-over-year).
- 2020: Revenue of $633K, expenses of $446K, and assets of $746K (revenue -17.5% year-over-year).
- 2019: Revenue of $767K, expenses of $621K, and assets of $512K (revenue +5.4% year-over-year).
- 2018: Revenue of $727K, expenses of $745K, and assets of $337K (revenue -2.1% year-over-year).
- 2017: Revenue of $743K, expenses of $742K, and assets of $408K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Presbyterian Association Of Musicians:
Data Sources and Methodology
This transparency report for Presbyterian Association Of Musicians 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.