Shelter Music Boston Inc
EIN: 274269849 · Brookline, MA · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $231K |
| Total Expenses | $323K |
| Net Assets | $311K |
Is Shelter Music Boston Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Shelter Music Boston Inc
Shelter Music Boston Inc (EIN: 274269849) is a nonprofit organization based in Brookline, MA, classified under NTEE code A68. The organization reported total revenue of $231K and total assets of $231K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shelter Music Boston Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shelter Music Boston Inc is a small nonprofit that has been operating for 15 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $221K |
| Total Expenses | $323K |
| Surplus / Deficit | $-101,917 |
| Total Assets | $324K |
| Total Liabilities | $13K |
| Net Assets | $311K |
| Operating Margin | -46.1% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 12.1 months |
Financial Health Grade: B
In 2023, Shelter Music Boston Inc reported a deficit of $102K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Shelter Music Boston Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +17.4% | -23.1% |
| 2022 | -50.5% | +17.2% | -12.0% |
| 2021 | +19.7% | +31.5% | +68.6% |
| 2020 | +39.2% | -6.3% | +88.4% |
| 2019 | +45.7% | -2.0% | +78.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Shelter Music Boston 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 Shelter Music Boston 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 deficit of $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Frequently Asked Questions about Shelter Music Boston Inc
Is Shelter Music Boston Inc a legitimate charity?
Shelter Music Boston Inc (EIN: 274269849) is a registered tax-exempt nonprofit based in Massachusetts. It has 11 years of IRS 990 filings on record. Total revenue: $231K. No red flags identified. Financial health grade: B.
How does Shelter Music Boston Inc spend its money?
Shelter Music Boston Inc reported $231K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Shelter Music Boston Inc tax-deductible?
Shelter Music Boston Inc is registered as a tax-exempt nonprofit (EIN: 274269849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Shelter Music Boston Inc located?
Shelter Music Boston Inc is headquartered in Brookline, Massachusetts and files with the IRS under EIN 274269849. It is classified under NTEE code A68.
How many years of IRS 990 filings does Shelter Music Boston Inc have?
Shelter Music Boston Inc has 11 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 $231K in total revenue.
Filing History
IRS 990 filing history for Shelter Music Boston Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Shelter Music Boston Inc's revenue has grown by 177%, moving from $80K to $221K. Total assets increased by 433.5% over the same period, from $61K to $324K. Total functional expenses rose by 600.8%, from $46K to $323K. In its most recent filing year (2023), Shelter Music Boston Inc reported a deficit of $102K, with expenses exceeding revenue. The organization holds $13K in liabilities against $324K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $311K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $221K | $323K | $324K | $13K | — | — |
| 2022 | $213K | $275K | $422K | $9K | — | View 990 |
| 2021 | $430K | $235K | $479K | $4K | — | View 990 |
| 2020 | $359K | $178K | $284K | $4K | — | — |
| 2019 | $258K | $190K | $151K | $51K | — | View 990 |
| 2018 | $177K | $194K | $85K | $52K | — | View 990 |
| 2017 | $157K | $166K | $102K | $52K | — | View 990 |
| 2016 | $119K | $127K | $59K | $1K | — | View 990 |
| 2015 | $79K | $92K | $66K | $1K | — | View 990 |
| 2014 | $75K | $57K | $79K | $1K | — | View 990 |
| 2013 | $80K | $46K | $61K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $221K, expenses of $323K, and assets of $324K (revenue +3.9% year-over-year).
- 2022: Revenue of $213K, expenses of $275K, and assets of $422K (revenue -50.5% year-over-year).
- 2021: Revenue of $430K, expenses of $235K, and assets of $479K (revenue +19.7% year-over-year).
- 2020: Revenue of $359K, expenses of $178K, and assets of $284K (revenue +39.2% year-over-year).
- 2019: Revenue of $258K, expenses of $190K, and assets of $151K (revenue +45.7% year-over-year).
- 2018: Revenue of $177K, expenses of $194K, and assets of $85K (revenue +12.6% year-over-year).
- 2017: Revenue of $157K, expenses of $166K, and assets of $102K (revenue +31.9% year-over-year).
- 2016: Revenue of $119K, expenses of $127K, and assets of $59K (revenue +51.5% year-over-year).
- 2015: Revenue of $79K, expenses of $92K, and assets of $66K (revenue +4.5% year-over-year).
- 2014: Revenue of $75K, expenses of $57K, and assets of $79K (revenue -5.7% year-over-year).
- 2013: Revenue of $80K, expenses of $46K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shelter Music Boston Inc:
Data Sources and Methodology
This transparency report for Shelter Music Boston 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.