Southwest Roots Music Inc
EIN: 810666091 · Santa Fe, NM · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $180K |
| Total Expenses | $204K |
| Net Assets | $65K |
Is Southwest Roots Music Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southwest Roots Music Inc
Southwest Roots Music Inc (EIN: 810666091) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code A68. The organization reported total revenue of $180K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwest Roots Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southwest Roots Music Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $204K |
| Surplus / Deficit | +$4K |
| Total Assets | $65K |
| Net Assets | $65K |
| Operating Margin | 1.9% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2023, Southwest Roots Music Inc reported a surplus of $4K with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Southwest Roots Music Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +139.7% | +33.8% | +6.7% |
| 2022 | -44.1% | +6.5% | -51.9% |
| 2021 | +61.6% | +57.5% | +10.7% |
| 2020 | -48.1% | +6.2% | +4.8% |
| 2019 | +223.3% | +48.2% | +1098.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southwest Roots Music 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 Southwest Roots Music 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 $4K, with revenue exceeding expenses.
Frequently Asked Questions about Southwest Roots Music Inc
Is Southwest Roots Music Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southwest Roots Music Inc (EIN: 810666091) insufficient data. 0 red flags identified, 0 strengths noted.
How does Southwest Roots Music Inc spend its money?
Detailed spending breakdown data is not yet available for Southwest Roots Music Inc. Check back for updated IRS 990 analysis.
Are donations to Southwest Roots Music Inc tax-deductible?
Southwest Roots Music Inc is registered as a tax-exempt nonprofit (EIN: 810666091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southwest Roots Music Inc located?
Southwest Roots Music Inc is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 810666091. It is classified under NTEE code A68.
How many years of IRS 990 filings does Southwest Roots Music Inc have?
Southwest Roots Music 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 $180K in total revenue.
Filing History
IRS 990 filing history for Southwest Roots Music Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southwest Roots Music Inc's revenue has grown by 79.8%, moving from $116K to $208K. Total assets increased by 524.9% over the same period, from $10K to $65K. Total functional expenses rose by 75.7%, from $116K to $204K. In its most recent filing year (2023), Southwest Roots Music Inc reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $208K | $204K | $65K | $0 | — | View 990 |
| 2022 | $87K | $152K | $61K | $0 | — | View 990 |
| 2021 | $155K | $143K | $126K | $0 | — | — |
| 2020 | $96K | $91K | $114K | $0 | — | View 990 |
| 2019 | $185K | $85K | $109K | $0 | — | View 990 |
| 2018 | $57K | $58K | $9K | $0 | — | View 990 |
| 2017 | $71K | $81K | $9K | $0 | — | View 990 |
| 2016 | $94K | $99K | $20K | $0 | — | View 990 |
| 2015 | $73K | $62K | $25K | $0 | — | View 990 |
| 2014 | $113K | $106K | $14K | $0 | — | View 990 |
| 2013 | $42K | $44K | $7K | $0 | — | View 990 |
| 2012 | $63K | $64K | $10K | $0 | — | View 990 |
| 2011 | $116K | $116K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $208K, expenses of $204K, and assets of $65K (revenue +139.7% year-over-year).
- 2022: Revenue of $87K, expenses of $152K, and assets of $61K (revenue -44.1% year-over-year).
- 2021: Revenue of $155K, expenses of $143K, and assets of $126K (revenue +61.6% year-over-year).
- 2020: Revenue of $96K, expenses of $91K, and assets of $114K (revenue -48.1% year-over-year).
- 2019: Revenue of $185K, expenses of $85K, and assets of $109K (revenue +223.3% year-over-year).
- 2018: Revenue of $57K, expenses of $58K, and assets of $9K (revenue -19.1% year-over-year).
- 2017: Revenue of $71K, expenses of $81K, and assets of $9K (revenue -24.5% year-over-year).
- 2016: Revenue of $94K, expenses of $99K, and assets of $20K (revenue +28.6% year-over-year).
- 2015: Revenue of $73K, expenses of $62K, and assets of $25K (revenue -35.7% year-over-year).
- 2014: Revenue of $113K, expenses of $106K, and assets of $14K (revenue +171.4% year-over-year).
- 2013: Revenue of $42K, expenses of $44K, and assets of $7K (revenue -34.2% year-over-year).
- 2012: Revenue of $63K, expenses of $64K, and assets of $10K (revenue -45.1% year-over-year).
- 2011: Revenue of $116K, expenses of $116K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southwest Roots Music Inc:
Data Sources and Methodology
This transparency report for Southwest Roots Music 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.