Renovation In Music Education
Renovation In Music Education faces recurring deficits and declining assets despite consistent program focus and no executive compensation.
EIN: 134185513 · Washington, DC · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $321K |
| Total Expenses | $329K |
| Program Spending | 80% |
| Net Assets | $574K |
| Transparency Score | 75/100 |
Is Renovation In Music Education Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Renovation In Music Education directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Renovation In Music Education
Renovation In Music Education (EIN: 134185513) is a nonprofit organization based in Washington, DC, classified under NTEE code A68. The organization reported total revenue of $321K and total assets of $641K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renovation In Music Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renovation In Music Education is a small nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $329K |
| Surplus / Deficit | $-66,461 |
| Total Assets | $587K |
| Total Liabilities | $12K |
| Net Assets | $574K |
| Operating Margin | -25.3% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 21.4 months |
Financial Health Grade: B
In 2023, Renovation In Music Education reported a deficit of $66K with expenses exceeding revenue, holds 21.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Renovation In Music Education's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.3% | -5.2% | -8.9% |
| 2022 | +101.5% | +15.8% | +7.8% |
| 2021 | +76.1% | -4.4% | -16.3% |
| 2020 | -62.3% | -29.5% | -20.6% |
| 2019 | +21.6% | +18.2% | -13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
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 Renovation In Music Education with a Mission Score of 75 out of 100 (Good). 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, Renovation In Music Education 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 $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization. This is a strong positive for a nonprofit of its size, suggesting that resources are directly allocated to its mission.
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 Renovation In Music Education's IRS 990 filings:
- Recurring operational deficits (e.g., $66,461 deficit in 2023)
- Significant decline in total assets over recent years (from $1,332,482 in 2016 to $586,522 in 2023)
Strengths
The following positive indicators were identified for Renovation In Music Education:
- Consistent history of IRS 990 filings (14 filings)
- No reported officer compensation, indicating resources are directed to mission
- Relatively low liabilities across most periods
- Strong program focus implied by lack of executive compensation and mission
Frequently Asked Questions about Renovation In Music Education
Is Renovation In Music Education a legitimate charity?
Renovation In Music Education (EIN: 134185513) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $321K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Renovation In Music Education spend its money?
Renovation In Music Education directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Renovation In Music Education tax-deductible?
Renovation In Music Education is registered as a tax-exempt nonprofit (EIN: 134185513). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Renovation In Music Education's spending goes to programs?
Renovation In Music Education directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Renovation In Music Education compare to similar nonprofits?
With a transparency score of 75/100 (Good), Renovation In Music Education is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Renovation In Music Education located?
Renovation In Music Education is headquartered in Washington, Washington DC and files with the IRS under EIN 134185513. It is classified under NTEE code A68.
How many years of IRS 990 filings does Renovation In Music Education have?
Renovation In Music Education 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 $321K in total revenue.
Is Renovation In Music Education financially sustainable given its recurring deficits?
The organization has frequently reported expenses exceeding revenue, such as in 2023 where expenses were $328,962 against revenues of $262,501. This trend, if continued, could impact long-term sustainability despite a healthy asset base.
What caused the significant decline in assets from $1,332,482 in 2016 to $586,522 in 2023?
The IRS 990 data shows a steady decrease in assets over several years. While the exact reasons aren't detailed in the summary, this decline warrants further investigation into asset management and investment strategies.
How does the organization manage to operate without paying officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership may be volunteer-based or compensated through other means not reported as officer compensation on the 990, or that the organization relies heavily on non-officer staff and contractors.
Filing History
IRS 990 filing history for Renovation In Music Education showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Renovation In Music Education's revenue has grown by 154.6%, moving from $103K to $263K. Total assets increased by 926.5% over the same period, from $57K to $587K. Total functional expenses rose by 302.7%, from $82K to $329K. In its most recent filing year (2023), Renovation In Music Education reported a deficit of $66K, with expenses exceeding revenue. The organization holds $12K in liabilities against $587K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $574K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $263K | $329K | $587K | $12K | — | — |
| 2022 | $400K | $347K | $644K | $13K | — | View 990 |
| 2021 | $198K | $300K | $598K | $13K | — | View 990 |
| 2020 | $113K | $313K | $714K | $28K | — | View 990 |
| 2019 | $299K | $444K | $898K | $16K | — | View 990 |
| 2018 | $246K | $376K | $1.0M | $11K | — | View 990 |
| 2017 | $206K | $398K | $1.2M | $31K | — | View 990 |
| 2016 | $557K | $320K | $1.3M | $4K | — | View 990 |
| 2015 | $915K | $267K | $1.1M | $8K | — | View 990 |
| 2014 | $254K | $279K | $430K | $2K | — | View 990 |
| 2013 | $466K | $182K | $454K | $705 | — | View 990 |
| 2012 | $221K | $154K | $188K | $3K | — | View 990 |
| 2011 | $105K | $79K | $96K | $0 | — | View 990 |
| 2010 | $103K | $82K | $57K | $250 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $263K, expenses of $329K, and assets of $587K (revenue -34.3% year-over-year).
- 2022: Revenue of $400K, expenses of $347K, and assets of $644K (revenue +101.5% year-over-year).
- 2021: Revenue of $198K, expenses of $300K, and assets of $598K (revenue +76.1% year-over-year).
- 2020: Revenue of $113K, expenses of $313K, and assets of $714K (revenue -62.3% year-over-year).
- 2019: Revenue of $299K, expenses of $444K, and assets of $898K (revenue +21.6% year-over-year).
- 2018: Revenue of $246K, expenses of $376K, and assets of $1.0M (revenue +19.6% year-over-year).
- 2017: Revenue of $206K, expenses of $398K, and assets of $1.2M (revenue -63.1% year-over-year).
- 2016: Revenue of $557K, expenses of $320K, and assets of $1.3M (revenue -39.2% year-over-year).
- 2015: Revenue of $915K, expenses of $267K, and assets of $1.1M (revenue +260.6% year-over-year).
- 2014: Revenue of $254K, expenses of $279K, and assets of $430K (revenue -45.5% year-over-year).
- 2013: Revenue of $466K, expenses of $182K, and assets of $454K (revenue +110.8% year-over-year).
- 2012: Revenue of $221K, expenses of $154K, and assets of $188K (revenue +109.8% year-over-year).
- 2011: Revenue of $105K, expenses of $79K, and assets of $96K (revenue +2.1% year-over-year).
- 2010: Revenue of $103K, expenses of $82K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renovation In Music Education:
Data Sources and Methodology
This transparency report for Renovation In Music Education 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.