Pyramid Music Program
Pyramid Music Program shows fluctuating revenues and expenses, with no reported officer compensation.
EIN: 203746927 · Memphis, TN · NTEE: A69 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $318K |
| Total Expenses | $215K |
| Program Spending | 80% |
| Net Assets | $242K |
| Transparency Score | 85/100 |
Is Pyramid Music Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pyramid Music Program directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pyramid Music Program
Pyramid Music Program (EIN: 203746927) is a nonprofit organization based in Memphis, TN, classified under NTEE code A69. The organization reported total revenue of $318K and total assets of $153K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pyramid Music Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pyramid Music Program is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $214K |
| Total Expenses | $215K |
| Surplus / Deficit | $-1,244 |
| Total Assets | $252K |
| Total Liabilities | $11K |
| Net Assets | $242K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 14.1 months |
Financial Health Grade: B
In 2023, Pyramid Music Program reported a deficit of $1K with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pyramid Music Program's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.3% | +28.7% | +1.7% |
| 2022 | +61.3% | +102.2% | +84.6% |
| 2021 | +23.5% | -30.0% | +10.9% |
| 2020 | +19.9% | -2.9% | +11.4% |
| 2019 | +20.2% | +0.8% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pyramid Music Program with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Pyramid Music Program allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
Pyramid Music Program consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly favorable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pyramid Music Program's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($215,216 expenses vs. $213,972 revenue), indicating a slight operating deficit.
- Multiple years prior to 2021 also showed expenses exceeding revenue, suggesting a historical pattern of operating deficits.
Strengths
The following positive indicators were identified for Pyramid Music Program:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Significant revenue growth from $98,537 in 2018 to $282,713 in 2022, demonstrating increased support.
- Substantial reduction in liabilities from a high of $97,997 in 2019 to $5,203 in 2022.
- Consistent filing of IRS 990s over 13 periods, demonstrating transparency and compliance.
- Assets have generally increased, reaching $252,348 in 2023, improving the organization's financial position.
Frequently Asked Questions about Pyramid Music Program
Is Pyramid Music Program a legitimate charity?
Pyramid Music Program (EIN: 203746927) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $318K. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Pyramid Music Program spend its money?
Pyramid Music Program directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pyramid Music Program tax-deductible?
Pyramid Music Program is registered as a tax-exempt nonprofit (EIN: 203746927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pyramid Music Program's spending goes to programs?
Pyramid Music Program directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pyramid Music Program compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pyramid Music Program is above average for NTEE category A69 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pyramid Music Program located?
Pyramid Music Program is headquartered in Memphis, Tennessee and files with the IRS under EIN 203746927. It is classified under NTEE code A69.
How many years of IRS 990 filings does Pyramid Music Program have?
Pyramid Music Program has 13 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 $318K in total revenue.
Is Pyramid Music Program financially stable?
Pyramid Music Program's financial stability has improved, with assets growing to $252,348 in 2023 and liabilities significantly reduced from previous highs. However, expenses occasionally exceed revenue, as seen in 2023, suggesting ongoing management is needed to maintain stability.
How has Pyramid Music Program's revenue changed over time?
Revenue has shown significant growth, from $98,537 in 2018 to a peak of $282,713 in 2022, before a slight decrease to $213,972 in 2023. This indicates a strong upward trend in fundraising and support.
What is the trend in the organization's liabilities?
Liabilities have decreased substantially from a high of $97,997 in 2019 to $5,203 in 2022, before a slight increase to $10,600 in 2023. This suggests effective debt management in recent years.
Does Pyramid Music Program pay its officers?
No, Pyramid Music Program consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers.
Filing History
IRS 990 filing history for Pyramid Music Program showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pyramid Music Program's revenue has grown by 45.5%, moving from $147K to $214K. Total assets increased by 243.6% over the same period, from $73K to $252K. Total functional expenses rose by 101.9%, from $107K to $215K. In its most recent filing year (2023), Pyramid Music Program reported a deficit of $1K, with expenses exceeding revenue. The organization holds $11K in liabilities against $252K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $242K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $215K | $252K | $11K | — | — |
| 2022 | $283K | $167K | $248K | $5K | — | View 990 |
| 2021 | $175K | $83K | $134K | $7K | — | View 990 |
| 2020 | $142K | $118K | $121K | $86K | — | View 990 |
| 2019 | $118K | $122K | $109K | $98K | — | View 990 |
| 2018 | $99K | $121K | $108K | $94K | — | View 990 |
| 2017 | $100K | $120K | $126K | $89K | — | View 990 |
| 2016 | $110K | $120K | $148K | $91K | — | View 990 |
| 2015 | $122K | $127K | $165K | $98K | — | View 990 |
| 2014 | $104K | $131K | $165K | $92K | — | View 990 |
| 2013 | $103K | $88K | $186K | $86K | — | View 990 |
| 2012 | $217K | $93K | $178K | $93K | — | View 990 |
| 2011 | $147K | $107K | $73K | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214K, expenses of $215K, and assets of $252K (revenue -24.3% year-over-year).
- 2022: Revenue of $283K, expenses of $167K, and assets of $248K (revenue +61.3% year-over-year).
- 2021: Revenue of $175K, expenses of $83K, and assets of $134K (revenue +23.5% year-over-year).
- 2020: Revenue of $142K, expenses of $118K, and assets of $121K (revenue +19.9% year-over-year).
- 2019: Revenue of $118K, expenses of $122K, and assets of $109K (revenue +20.2% year-over-year).
- 2018: Revenue of $99K, expenses of $121K, and assets of $108K (revenue -1.1% year-over-year).
- 2017: Revenue of $100K, expenses of $120K, and assets of $126K (revenue -9.2% year-over-year).
- 2016: Revenue of $110K, expenses of $120K, and assets of $148K (revenue -9.8% year-over-year).
- 2015: Revenue of $122K, expenses of $127K, and assets of $165K (revenue +16.8% year-over-year).
- 2014: Revenue of $104K, expenses of $131K, and assets of $165K (revenue +1.5% year-over-year).
- 2013: Revenue of $103K, expenses of $88K, and assets of $186K (revenue -52.7% year-over-year).
- 2012: Revenue of $217K, expenses of $93K, and assets of $178K (revenue +47.6% year-over-year).
- 2011: Revenue of $147K, expenses of $107K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pyramid Music Program:
Data Sources and Methodology
This transparency report for Pyramid Music Program 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.