Tune Inc
EIN: 421124759 · Northwood, IA · NTEE: A80
| Metric | Value |
|---|---|
| Total Revenue | $306K |
| Total Expenses | $161K |
| Net Assets | $553K |
Is Tune Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tune Inc
Tune Inc (EIN: 421124759) is a nonprofit organization based in Northwood, IA, classified under NTEE code A80. The organization reported total revenue of $306K and total assets of $656K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tune Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tune Inc is a small nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $305K |
| Total Expenses | $161K |
| Surplus / Deficit | +$144K |
| Total Assets | $656K |
| Total Liabilities | $103K |
| Net Assets | $553K |
| Operating Margin | 47.3% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 49.1 months |
Financial Health Grade: A
In 2024, Tune Inc reported a surplus of $144K with revenue exceeding expenses, holds 49.1 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Tune Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -39.7% | -68.5% | +16.1% |
| 2023 | +67.5% | +43.1% | -5.6% |
| 2022 | -39.6% | -21.1% | +202.4% |
| 2021 | -0.1% | -10.9% | +709.1% |
| 2020 | +492.3% | +456.4% | -16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tune 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 Tune 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $144K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Frequently Asked Questions about Tune Inc
Is Tune Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tune Inc (EIN: 421124759) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tune Inc spend its money?
Detailed spending breakdown data is not yet available for Tune Inc. Check back for updated IRS 990 analysis.
Are donations to Tune Inc tax-deductible?
Tune Inc is registered as a tax-exempt nonprofit (EIN: 421124759). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tune Inc located?
Tune Inc is headquartered in Northwood, Iowa and files with the IRS under EIN 421124759. It is classified under NTEE code A80.
How many years of IRS 990 filings does Tune Inc have?
Tune Inc has 14 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 $306K in total revenue.
Filing History
IRS 990 filing history for Tune Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Tune Inc's revenue has grown by 167.2%, moving from $114K to $305K. Total assets increased by 453.2% over the same period, from $119K to $656K. Total functional expenses rose by 80.4%, from $89K to $161K. In its most recent filing year (2024), Tune Inc reported a surplus of $144K, with revenue exceeding expenses. The organization holds $103K in liabilities against $656K in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $553K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $305K | $161K | $656K | $103K | — | — |
| 2023 | $505K | $510K | $565K | $117K | — | View 990 |
| 2022 | $302K | $356K | $599K | $135K | — | View 990 |
| 2021 | $500K | $452K | $198K | $150K | — | — |
| 2020 | $500K | $507K | $24K | $0 | — | View 990 |
| 2019 | $84K | $91K | $29K | $0 | — | View 990 |
| 2018 | $102K | $106K | $26K | $0 | — | View 990 |
| 2017 | $86K | $88K | $49K | $0 | — | View 990 |
| 2016 | $82K | $78K | $62K | $0 | — | View 990 |
| 2015 | $95K | $113K | $59K | $0 | — | View 990 |
| 2014 | $103K | $130K | $81K | $0 | — | View 990 |
| 2013 | $100K | $114K | $95K | $0 | — | View 990 |
| 2012 | $94K | $113K | $114K | $0 | — | View 990 |
| 2011 | $114K | $89K | $119K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $305K, expenses of $161K, and assets of $656K (revenue -39.7% year-over-year).
- 2023: Revenue of $505K, expenses of $510K, and assets of $565K (revenue +67.5% year-over-year).
- 2022: Revenue of $302K, expenses of $356K, and assets of $599K (revenue -39.6% year-over-year).
- 2021: Revenue of $500K, expenses of $452K, and assets of $198K (revenue -0.1% year-over-year).
- 2020: Revenue of $500K, expenses of $507K, and assets of $24K (revenue +492.3% year-over-year).
- 2019: Revenue of $84K, expenses of $91K, and assets of $29K (revenue -17.6% year-over-year).
- 2018: Revenue of $102K, expenses of $106K, and assets of $26K (revenue +19.2% year-over-year).
- 2017: Revenue of $86K, expenses of $88K, and assets of $49K (revenue +4.5% year-over-year).
- 2016: Revenue of $82K, expenses of $78K, and assets of $62K (revenue -13.5% year-over-year).
- 2015: Revenue of $95K, expenses of $113K, and assets of $59K (revenue -7.3% year-over-year).
- 2014: Revenue of $103K, expenses of $130K, and assets of $81K (revenue +2.3% year-over-year).
- 2013: Revenue of $100K, expenses of $114K, and assets of $95K (revenue +6.3% year-over-year).
- 2012: Revenue of $94K, expenses of $113K, and assets of $114K (revenue -17.4% year-over-year).
- 2011: Revenue of $114K, expenses of $89K, and assets of $119K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tune Inc:
Data Sources and Methodology
This transparency report for Tune 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.