Reverb Inc
Reverb Inc. shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 201042256 · Portland, ME · NTEE: C60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.8M |
| Total Expenses | $4.4M |
| Program Spending | 85% |
| Net Assets | $4.7M |
| Transparency Score | 90/100 |
Is Reverb Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reverb Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reverb Inc
Reverb Inc (EIN: 201042256) is a nonprofit organization based in Portland, ME, classified under NTEE code C60. The organization reported total revenue of $9.8M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reverb Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reverb Inc is a mid-size 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 13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $5.3M |
| Total Liabilities | $599K |
| Net Assets | $4.7M |
| Operating Margin | 19.1% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2023, Reverb Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reverb Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | -4.6% | +10.6% |
| 2022 | +41.9% | +66.7% | +23.4% |
| 2021 | +171.0% | +75.2% | +193.7% |
| 2020 | -31.8% | -17.0% | -6.6% |
| 2019 | -21.0% | -32.0% | +30.2% |
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 Reverb Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Reverb Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.2%.
Executive Compensation Analysis
Reverb Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation structured in a way not reported as officer compensation on the 990.
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 Reverb Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size, which may obscure actual leadership compensation or reliance on external funding for leadership roles.
Strengths
The following positive indicators were identified for Reverb Inc:
- Strong revenue growth, with latest revenue at $9,829,844, indicating increasing support and operational scale.
- Healthy asset accumulation, reaching $8,351,575, providing financial stability and capacity.
- Consistent financial surpluses in recent years (e.g., 2023 revenue $5.46M vs. expenses $4.42M), demonstrating effective financial management.
- Low liabilities relative to assets (e.g., 2023 assets $5.34M vs. liabilities $0.60M), indicating a strong balance sheet.
- Consistent IRS 990 filing history (13 filings), demonstrating regulatory compliance and basic transparency.
Frequently Asked Questions about Reverb Inc
Is Reverb Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reverb Inc (EIN: 201042256) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Reverb Inc spend its money?
Reverb Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Reverb Inc tax-deductible?
Reverb Inc is registered as a tax-exempt nonprofit (EIN: 201042256). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Reverb Inc's spending goes to programs?
Reverb Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Reverb Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Reverb Inc is above average for NTEE category C60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reverb Inc located?
Reverb Inc is headquartered in Portland, Maine and files with the IRS under EIN 201042256. It is classified under NTEE code C60.
How many years of IRS 990 filings does Reverb Inc have?
Reverb Inc 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 $9.8M in total revenue.
How does Reverb Inc. compensate its leadership if officer compensation is consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 13 filings for an organization with millions in revenue and assets is highly unusual. This could indicate that leadership is entirely volunteer, compensated through a related entity, or that compensation is structured in a way that does not fall under 'officer compensation' on the 990. Further investigation into their operational structure and other compensation disclosures would be necessary.
What are the specific program activities Reverb Inc. undertakes given its NTEE code C60?
The NTEE code C60 typically refers to 'Environmental Protection & Conservation' organizations. To understand Reverb Inc.'s specific program activities, one would need to review their mission statement, program service accomplishments section of their 990 filings, and their website.
What is the breakdown of Reverb Inc.'s expenses into program, administrative, and fundraising categories?
The provided data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency and would typically be found in Part IX of the IRS Form 990.
Filing History
IRS 990 filing history for Reverb Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reverb Inc's revenue has grown by 348.5%, moving from $1.2M to $5.5M. Total assets increased by 519.5% over the same period, from $863K to $5.3M. Total functional expenses rose by 302.1%, from $1.1M to $4.4M. In its most recent filing year (2023), Reverb Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $599K in liabilities against $5.3M in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $4.4M | $5.3M | $599K | — | — |
| 2022 | $5.7M | $4.6M | $4.8M | $1.4M | — | View 990 |
| 2021 | $4.0M | $2.8M | $3.9M | $1.4M | — | View 990 |
| 2020 | $1.5M | $1.6M | $1.3M | $26K | — | — |
| 2019 | $2.2M | $1.9M | $1.4M | $58K | — | View 990 |
| 2018 | $2.7M | $2.8M | $1.1M | $39K | — | View 990 |
| 2017 | $1.5M | $1.6M | $948K | $2K | — | View 990 |
| 2016 | $1.7M | $1.8M | $1.1M | $2K | — | View 990 |
| 2015 | $1.6M | $1.5M | $1.1M | $17K | — | View 990 |
| 2014 | $912K | $1.0M | $949K | $7K | — | View 990 |
| 2013 | $1.6M | $1.3M | $1.1M | $1K | — | View 990 |
| 2012 | $774K | $913K | $726K | $2K | — | View 990 |
| 2011 | $1.2M | $1.1M | $863K | $684 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.5M, expenses of $4.4M, and assets of $5.3M (revenue -3.4% year-over-year).
- 2022: Revenue of $5.7M, expenses of $4.6M, and assets of $4.8M (revenue +41.9% year-over-year).
- 2021: Revenue of $4.0M, expenses of $2.8M, and assets of $3.9M (revenue +171.0% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.6M, and assets of $1.3M (revenue -31.8% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.9M, and assets of $1.4M (revenue -21.0% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.8M, and assets of $1.1M (revenue +78.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.6M, and assets of $948K (revenue -12.1% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.8M, and assets of $1.1M (revenue +9.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $1.1M (revenue +74.0% year-over-year).
- 2014: Revenue of $912K, expenses of $1.0M, and assets of $949K (revenue -43.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.3M, and assets of $1.1M (revenue +107.3% year-over-year).
- 2012: Revenue of $774K, expenses of $913K, and assets of $726K (revenue -36.4% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $863K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reverb Inc:
Data Sources and Methodology
This transparency report for Reverb Inc 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.