Sequoyah Instrumental Music Foundation Inc
EIN: 364621219 · Canton, GA · NTEE: B112
| Metric | Value |
|---|---|
| Total Revenue | $150K |
| Total Expenses | $261K |
| Net Assets | $12K |
Is Sequoyah Instrumental Music Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sequoyah Instrumental Music Foundation Inc
Sequoyah Instrumental Music Foundation Inc (EIN: 364621219) is a nonprofit organization based in Canton, GA, classified under NTEE code B112. The organization reported total revenue of $150K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sequoyah Instrumental Music Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sequoyah Instrumental Music Foundation Inc is a small nonprofit that has been operating for 17 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $262K |
| Total Expenses | $261K |
| Surplus / Deficit | +$234 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | 0.1% |
| Months of Reserves | 0.5 months |
Financial Health Grade: A
In 2023, Sequoyah Instrumental Music Foundation Inc reported a surplus of $234 with revenue exceeding expenses, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2018–2023), Sequoyah Instrumental Music Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.2% | +36.8% | +2.1% |
| 2022 | +28.3% | +8.2% | -42.5% |
| 2021 | +43.9% | +67.8% | -66.9% |
| 2020 | -37.3% | -33.3% | -18.0% |
| 2019 | -13.2% | -33.9% | -23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sequoyah Instrumental Music Foundation Inc 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 Sequoyah Instrumental Music Foundation Inc 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 $234, with revenue exceeding expenses.
Frequently Asked Questions about Sequoyah Instrumental Music Foundation Inc
Is Sequoyah Instrumental Music Foundation Inc a legitimate charity?
Sequoyah Instrumental Music Foundation Inc (EIN: 364621219) is a registered tax-exempt nonprofit based in Georgia. It has 6 years of IRS 990 filings on record. Total revenue: $150K. No red flags identified. Financial health grade: A.
How does Sequoyah Instrumental Music Foundation Inc spend its money?
Sequoyah Instrumental Music Foundation Inc reported $150K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sequoyah Instrumental Music Foundation Inc tax-deductible?
Sequoyah Instrumental Music Foundation Inc is registered as a tax-exempt nonprofit (EIN: 364621219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sequoyah Instrumental Music Foundation Inc located?
Sequoyah Instrumental Music Foundation Inc is headquartered in Canton, Georgia and files with the IRS under EIN 364621219. It is classified under NTEE code B112.
How many years of IRS 990 filings does Sequoyah Instrumental Music Foundation Inc have?
Sequoyah Instrumental Music Foundation Inc has 6 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 $150K in total revenue.
Filing History
IRS 990 filing history for Sequoyah Instrumental Music Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Sequoyah Instrumental Music Foundation Inc's revenue has grown by 44%, moving from $182K to $262K. Total assets decreased by 87.8% over the same period, from $96K to $12K. Total functional expenses rose by 9.5%, from $239K to $261K. In its most recent filing year (2023), Sequoyah Instrumental Music Foundation Inc reported a surplus of $234, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $262K | $261K | $12K | $0 | — | View 990 |
| 2022 | $183K | $191K | $11K | $0 | — | View 990 |
| 2021 | $142K | $177K | $20K | $0 | — | View 990 |
| 2020 | $99K | $105K | $60K | $6K | — | View 990 |
| 2019 | $158K | $158K | $73K | $13K | — | View 990 |
| 2018 | $182K | $239K | $96K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $262K, expenses of $261K, and assets of $12K (revenue +43.2% year-over-year).
- 2022: Revenue of $183K, expenses of $191K, and assets of $11K (revenue +28.3% year-over-year).
- 2021: Revenue of $142K, expenses of $177K, and assets of $20K (revenue +43.9% year-over-year).
- 2020: Revenue of $99K, expenses of $105K, and assets of $60K (revenue -37.3% year-over-year).
- 2019: Revenue of $158K, expenses of $158K, and assets of $73K (revenue -13.2% year-over-year).
- 2018: Revenue of $182K, expenses of $239K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sequoyah Instrumental Music Foundation Inc:
Data Sources and Methodology
This transparency report for Sequoyah Instrumental Music Foundation 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.