Winthrop Music Association

Is Winthrop Music Association Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Winthrop Music Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Winthrop Music Association

Winthrop Music Association (EIN: 202480781) is a nonprofit organization based in Twisp, WA, classified under NTEE code A20. The organization reported total revenue of $560K and total assets of $413K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winthrop Music Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Winthrop Music Association with a Mission Score of 90 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Winthrop Music Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds to the mission.

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 Winthrop Music Association's IRS 990 filings:

• Minor deficit in 2023 where expenses ($606,746) slightly exceeded revenue ($606,682).

Strengths

The following positive indicators were identified for Winthrop Music Association:

• Consistent IRS 990 filing history (13 filings) demonstrating transparency.
• Zero officer compensation reported across all filings, indicating efficient use of funds for programs.
• Significant asset growth from $73,734 in 2014 to $537,346 in 2023, showing strong financial management.
• Resilience demonstrated by quick recovery from the low revenue year of 2020 ($3,301).
• Generally stable revenue generation over the past decade, supporting ongoing operations.

Frequently Asked Questions about Winthrop Music Association

Filing History

IRS 990 filing history for Winthrop Music Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Winthrop Music Association's revenue has grown by 182%, moving from $215K to $607K. Total assets increased by 586.8% over the same period, from $78K to $537K. Total functional expenses rose by 201.8%, from $201K to $607K. In its most recent filing year (2023), Winthrop Music Association reported a deficit of $64, with expenses exceeding revenue. The organization holds $467 in liabilities against $537K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $537K.

Year-by-Year Financial Summary

• 2023: Revenue of $607K, expenses of $607K, and assets of $537K (revenue -9.5% year-over-year).
• 2022: Revenue of $670K, expenses of $518K, and assets of $530K (revenue +180.9% year-over-year).
• 2021: Revenue of $239K, expenses of $92K, and assets of $378K (revenue +7128.0% year-over-year).
• 2020: Revenue of $3K, expenses of $66K, and assets of $232K (revenue -99.3% year-over-year).
• 2019: Revenue of $448K, expenses of $396K, and assets of $295K (revenue +7.2% year-over-year).
• 2018: Revenue of $418K, expenses of $351K, and assets of $242K (revenue +4.4% year-over-year).
• 2017: Revenue of $400K, expenses of $323K, and assets of $175K (revenue +36.1% year-over-year).
• 2016: Revenue of $294K, expenses of $287K, and assets of $98K (revenue +4.6% year-over-year).
• 2015: Revenue of $281K, expenses of $267K, and assets of $90K (revenue +22.0% year-over-year).
• 2014: Revenue of $230K, expenses of $238K, and assets of $74K (revenue +13205.5% year-over-year).
• 2013: Revenue of $2K, expenses of $27K, and assets of $81K (revenue -97.6% year-over-year).
• 2012: Revenue of $73K, expenses of $44K, and assets of $107K (revenue -66.1% year-over-year).
• 2011: Revenue of $215K, expenses of $201K, and assets of $78K.

Data Sources and Methodology

This transparency report for Winthrop Music Association 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.