Sigal Music Museum
EIN: 814060833 · Greenville, SC · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $563K |
| Total Expenses | $556K |
| Net Assets | $2.1M |
Is Sigal Music Museum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sigal Music Museum
Sigal Music Museum (EIN: 814060833) is a nonprofit organization based in Greenville, SC, classified under NTEE code A68. The organization reported total revenue of $563K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sigal Music Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sigal Music Museum is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 71.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $968K |
| Total Expenses | $556K |
| Surplus / Deficit | +$411K |
| Total Assets | $2.2M |
| Total Liabilities | $55K |
| Net Assets | $2.1M |
| Operating Margin | 42.5% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 46.5 months |
Financial Health Grade: A
In 2023, Sigal Music Museum reported a surplus of $411K with revenue exceeding expenses, holds 46.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Sigal Music Museum's revenue has grown at a compound annual growth rate (CAGR) of 71.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +336.8% | +22.0% | +22.5% |
| 2022 | -56.3% | -1.6% | -9.1% |
| 2021 | +108.2% | +29.7% | +1.9% |
| 2020 | -89.9% | -22.4% | -4.5% |
| 2019 | +1449.2% | +217.7% | +5678.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sigal Music Museum 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 Sigal Music Museum 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 $411K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about Sigal Music Museum
Is Sigal Music Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Sigal Music Museum (EIN: 814060833) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sigal Music Museum spend its money?
Detailed spending breakdown data is not yet available for Sigal Music Museum. Check back for updated IRS 990 analysis.
Are donations to Sigal Music Museum tax-deductible?
Sigal Music Museum is registered as a tax-exempt nonprofit (EIN: 814060833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sigal Music Museum located?
Sigal Music Museum is headquartered in Greenville, South Carolina and files with the IRS under EIN 814060833. It is classified under NTEE code A68.
How many years of IRS 990 filings does Sigal Music Museum have?
Sigal Music Museum has 7 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 $563K in total revenue.
Filing History
IRS 990 filing history for Sigal Music Museum showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Sigal Music Museum's revenue has grown by 2429.3%, moving from $38K to $968K. Total assets increased by 7366.6% over the same period, from $29K to $2.2M. Total functional expenses rose by 3409.2%, from $16K to $556K. In its most recent filing year (2023), Sigal Music Museum reported a surplus of $411K, with revenue exceeding expenses. The organization holds $55K in liabilities against $2.2M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $968K | $556K | $2.2M | $55K | — | — |
| 2022 | $222K | $456K | $1.8M | $71K | — | View 990 |
| 2021 | $507K | $464K | $1.9M | $13K | — | View 990 |
| 2020 | $243K | $357K | $1.9M | $17K | — | View 990 |
| 2019 | $2.4M | $460K | $2.0M | $8K | — | View 990 |
| 2018 | $156K | $145K | $34K | $1K | — | View 990 |
| 2017 | $38K | $16K | $29K | $480 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $968K, expenses of $556K, and assets of $2.2M (revenue +336.8% year-over-year).
- 2022: Revenue of $222K, expenses of $456K, and assets of $1.8M (revenue -56.3% year-over-year).
- 2021: Revenue of $507K, expenses of $464K, and assets of $1.9M (revenue +108.2% year-over-year).
- 2020: Revenue of $243K, expenses of $357K, and assets of $1.9M (revenue -89.9% year-over-year).
- 2019: Revenue of $2.4M, expenses of $460K, and assets of $2.0M (revenue +1449.2% year-over-year).
- 2018: Revenue of $156K, expenses of $145K, and assets of $34K (revenue +306.7% year-over-year).
- 2017: Revenue of $38K, expenses of $16K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sigal Music Museum:
Data Sources and Methodology
This transparency report for Sigal Music Museum 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.