The Music Education Group Inc
The Music Education Group Inc shows strong financial growth and no reported officer compensation over five years.
EIN: 201512362 · Atlanta, GA · NTEE: A68 · Updated: 2026-03-28
Is The Music Education Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Music Education Group Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Music Education Group Inc
The Music Education Group Inc (EIN: 201512362) is a nonprofit organization based in Atlanta, GA, classified under NTEE code A68. The organization reported total revenue of $290K and total assets of $239K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Music Education Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Music Education Group Inc is a small nonprofit that has been operating for 15 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 98.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $503K |
| Total Expenses | $284K |
| Surplus / Deficit | +$218K |
| Total Assets | $317K |
| Total Liabilities | $949 |
| Net Assets | $316K |
| Operating Margin | 43.5% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, The Music Education Group Inc reported a surplus of $218K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), The Music Education Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 98.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +112.4% | +33.7% | +213.4% |
| 2022 | +53.6% | +67.1% | +26.2% |
| 2021 | +142.7% | +292.4% | +73.2% |
| 2020 | +95.9% | +10.8% | +926.2% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Music Education Group Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Music Education Group Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $218K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all five years of filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its growing size (revenue of $502,523 in 2023).
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 The Music Education Group Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other expense categories or that leadership is entirely volunteer, which could be unsustainable long-term.
Strengths
The following positive indicators were identified for The Music Education Group Inc:
- Strong and consistent revenue growth, increasing from $32,388 in 2019 to $502,523 in 2023.
- Consistent asset growth, from $4,508 in 2019 to $317,135 in 2023, indicating financial stability.
- Consistent surpluses, with expenses significantly lower than revenue (e.g., $284,118 expenses vs. $502,523 revenue in 2023).
- Zero reported officer compensation across all filings, suggesting a high dedication of funds to programs.
Frequently Asked Questions about The Music Education Group Inc
Is The Music Education Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Music Education Group Inc (EIN: 201512362) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does The Music Education Group Inc spend its money?
The Music Education Group Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Music Education Group Inc tax-deductible?
The Music Education Group Inc is registered as a tax-exempt nonprofit (EIN: 201512362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Music Education Group Inc a good charity?
Based on its strong financial growth, consistent surpluses, and zero reported officer compensation, The Music Education Group Inc appears to be a very good charity, effectively growing its resources and directing funds towards its mission.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, from $32,388 in 2019 to $502,523 in 2023, demonstrating a substantial increase in its financial capacity.
What is the trend in the organization's assets?
Assets have consistently grown, from $4,508 in 2019 to $317,135 in 2023, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for The Music Education Group Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), The Music Education Group Inc's revenue has grown by 1451.6%, moving from $32K to $503K. Total assets increased by 6934.9% over the same period, from $5K to $317K. Total functional expenses rose by 870.9%, from $29K to $284K. In its most recent filing year (2023), The Music Education Group Inc reported a surplus of $218K, with revenue exceeding expenses. The organization holds $949 in liabilities against $317K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $316K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $503K | $284K | $317K | $949 | — | View 990 |
| 2022 | $237K | $213K | $101K | $3K | — | View 990 |
| 2021 | $154K | $127K | $80K | $6K | — | View 990 |
| 2020 | $63K | $32K | $46K | $0 | — | — |
| 2019 | $32K | $29K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $503K, expenses of $284K, and assets of $317K (revenue +112.4% year-over-year).
- 2022: Revenue of $237K, expenses of $213K, and assets of $101K (revenue +53.6% year-over-year).
- 2021: Revenue of $154K, expenses of $127K, and assets of $80K (revenue +142.7% year-over-year).
- 2020: Revenue of $63K, expenses of $32K, and assets of $46K (revenue +95.9% year-over-year).
- 2019: Revenue of $32K, expenses of $29K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Music Education Group Inc:
Data Sources and Methodology
This transparency report for The Music Education Group 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.