Third Coast Percussion Nfp
EIN: 421744369 · Chicago, IL · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.0M |
| Net Assets | $555K |
Is Third Coast Percussion Nfp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Third Coast Percussion Nfp
Third Coast Percussion Nfp (EIN: 421744369) is a nonprofit organization based in Chicago, IL, classified under NTEE code A68. The organization reported total revenue of $1.7M and total assets of $676K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Third Coast Percussion Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Third Coast Percussion Nfp is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 21.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$57K |
| Total Assets | $555K |
| Net Assets | $555K |
| Operating Margin | 5.3% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2023, Third Coast Percussion Nfp reported a surplus of $57K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Third Coast Percussion Nfp's revenue has grown at a compound annual growth rate (CAGR) of 21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +18.8% | +11.3% |
| 2022 | +18.4% | +24.6% | +5.9% |
| 2021 | -3.6% | -12.4% | +37.1% |
| 2020 | +5.5% | -0.6% | +61.0% |
| 2019 | +9.9% | +18.5% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Third Coast Percussion Nfp 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 Third Coast Percussion Nfp 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 $57K, with revenue exceeding expenses.
Frequently Asked Questions about Third Coast Percussion Nfp
Is Third Coast Percussion Nfp a legitimate charity?
Third Coast Percussion Nfp (EIN: 421744369) is a registered tax-exempt nonprofit based in Illinois. It has 12 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: A.
How does Third Coast Percussion Nfp spend its money?
Third Coast Percussion Nfp reported $1.7M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Third Coast Percussion Nfp tax-deductible?
Third Coast Percussion Nfp is registered as a tax-exempt nonprofit (EIN: 421744369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Third Coast Percussion Nfp located?
Third Coast Percussion Nfp is headquartered in Chicago, Illinois and files with the IRS under EIN 421744369. It is classified under NTEE code A68.
How many years of IRS 990 filings does Third Coast Percussion Nfp have?
Third Coast Percussion Nfp has 12 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Third Coast Percussion Nfp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Third Coast Percussion Nfp's revenue has grown by 732.9%, moving from $128K to $1.1M. Total assets increased by 1547.3% over the same period, from $34K to $555K. Total functional expenses rose by 748.1%, from $119K to $1.0M. In its most recent filing year (2023), Third Coast Percussion Nfp reported a surplus of $57K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.0M | $555K | $0 | — | View 990 |
| 2022 | $951K | $846K | $499K | $0 | — | View 990 |
| 2021 | $803K | $679K | $471K | $76K | — | — |
| 2020 | $833K | $775K | $343K | $72K | — | View 990 |
| 2019 | $789K | $779K | $213K | $0 | — | View 990 |
| 2018 | $718K | $658K | $203K | $0 | — | View 990 |
| 2017 | $550K | $541K | $142K | $0 | — | View 990 |
| 2016 | $561K | $492K | $134K | $0 | — | View 990 |
| 2015 | $436K | $471K | $65K | $0 | — | View 990 |
| 2014 | $355K | $294K | $151K | $0 | — | View 990 |
| 2013 | $177K | $171K | $90K | $0 | — | View 990 |
| 2012 | $128K | $119K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.0M, and assets of $555K (revenue +11.7% year-over-year).
- 2022: Revenue of $951K, expenses of $846K, and assets of $499K (revenue +18.4% year-over-year).
- 2021: Revenue of $803K, expenses of $679K, and assets of $471K (revenue -3.6% year-over-year).
- 2020: Revenue of $833K, expenses of $775K, and assets of $343K (revenue +5.5% year-over-year).
- 2019: Revenue of $789K, expenses of $779K, and assets of $213K (revenue +9.9% year-over-year).
- 2018: Revenue of $718K, expenses of $658K, and assets of $203K (revenue +30.7% year-over-year).
- 2017: Revenue of $550K, expenses of $541K, and assets of $142K (revenue -2.0% year-over-year).
- 2016: Revenue of $561K, expenses of $492K, and assets of $134K (revenue +28.7% year-over-year).
- 2015: Revenue of $436K, expenses of $471K, and assets of $65K (revenue +22.8% year-over-year).
- 2014: Revenue of $355K, expenses of $294K, and assets of $151K (revenue +99.9% year-over-year).
- 2013: Revenue of $177K, expenses of $171K, and assets of $90K (revenue +39.1% year-over-year).
- 2012: Revenue of $128K, expenses of $119K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Third Coast Percussion Nfp:
Data Sources and Methodology
This transparency report for Third Coast Percussion Nfp 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.