Union City Music Project
EIN: 453663891 · Weehawken, NJ · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $193K |
| Total Expenses | $208K |
| Net Assets | $-48,663 |
Is Union City Music Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Union City Music Project
Union City Music Project (EIN: 453663891) is a nonprofit organization based in Weehawken, NJ, classified under NTEE code O50. The organization reported total revenue of $193K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union City Music Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Union City Music Project is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $164K |
| Total Expenses | $208K |
| Surplus / Deficit | $-44,826 |
| Total Assets | $944 |
| Total Liabilities | $50K |
| Net Assets | $-48,663 |
| Operating Margin | -27.4% |
| Debt-to-Asset Ratio | 5255.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Union City Music Project reported a deficit of $45K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 5255.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Union City Music Project's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.4% | -18.5% | +94300.0% |
| 2022 | +15.2% | +29.4% | -100.0% |
| 2021 | -6.2% | +16.8% | -16.5% |
| 2020 | -10.1% | +6.6% | +8.0% |
| 2019 | +34.0% | +10.7% | +74.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Union City Music Project 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 Union City Music Project 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 deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5255.0%.
Frequently Asked Questions about Union City Music Project
Is Union City Music Project a legitimate charity?
Union City Music Project (EIN: 453663891) is a registered tax-exempt nonprofit based in New Jersey. It has 12 years of IRS 990 filings on record. Total revenue: $193K. No red flags identified. Financial health grade: D.
How does Union City Music Project spend its money?
Union City Music Project reported $193K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Union City Music Project tax-deductible?
Union City Music Project is registered as a tax-exempt nonprofit (EIN: 453663891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Union City Music Project located?
Union City Music Project is headquartered in Weehawken, New Jersey and files with the IRS under EIN 453663891. It is classified under NTEE code O50.
How many years of IRS 990 filings does Union City Music Project have?
Union City Music Project 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 $193K in total revenue.
Filing History
IRS 990 filing history for Union City Music Project showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Union City Music Project's revenue has grown by 102.8%, moving from $81K to $164K. Total assets decreased by 94.1% over the same period, from $16K to $944. Total functional expenses rose by 222%, from $65K to $208K. In its most recent filing year (2023), Union City Music Project reported a deficit of $45K, with expenses exceeding revenue. The organization holds $50K in liabilities against $944 in assets (debt-to-asset ratio: 5255.0%), resulting in net assets of $-48,663.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $164K | $208K | $944 | $50K | — | — |
| 2022 | $193K | $256K | $1 | $4K | — | View 990 |
| 2021 | $168K | $198K | $58K | $0 | — | View 990 |
| 2020 | $179K | $169K | $70K | $0 | — | — |
| 2019 | $199K | $159K | $65K | $0 | — | View 990 |
| 2018 | $149K | $143K | $37K | $0 | — | View 990 |
| 2017 | $122K | $145K | $27K | $0 | — | — |
| 2016 | $148K | $116K | $40K | $0 | — | View 990 |
| 2015 | $133K | $158K | $8K | $0 | — | View 990 |
| 2014 | $149K | $139K | $25K | $0 | — | View 990 |
| 2013 | $115K | $117K | $15K | $0 | — | View 990 |
| 2012 | $81K | $65K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $164K, expenses of $208K, and assets of $944 (revenue -15.4% year-over-year).
- 2022: Revenue of $193K, expenses of $256K, and assets of $1 (revenue +15.2% year-over-year).
- 2021: Revenue of $168K, expenses of $198K, and assets of $58K (revenue -6.2% year-over-year).
- 2020: Revenue of $179K, expenses of $169K, and assets of $70K (revenue -10.1% year-over-year).
- 2019: Revenue of $199K, expenses of $159K, and assets of $65K (revenue +34.0% year-over-year).
- 2018: Revenue of $149K, expenses of $143K, and assets of $37K (revenue +22.2% year-over-year).
- 2017: Revenue of $122K, expenses of $145K, and assets of $27K (revenue -17.9% year-over-year).
- 2016: Revenue of $148K, expenses of $116K, and assets of $40K (revenue +11.6% year-over-year).
- 2015: Revenue of $133K, expenses of $158K, and assets of $8K (revenue -10.9% year-over-year).
- 2014: Revenue of $149K, expenses of $139K, and assets of $25K (revenue +29.0% year-over-year).
- 2013: Revenue of $115K, expenses of $117K, and assets of $15K (revenue +43.0% year-over-year).
- 2012: Revenue of $81K, expenses of $65K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Union City Music Project:
Data Sources and Methodology
This transparency report for Union City Music Project 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.