World Music Inc
World Music Inc: Strong Program Spending, but Transparency Lacking
EIN: 223036665 · Cambridge, MA · NTEE: A610 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.3M |
| Program Spending | 85% |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is World Music Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
World Music Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About World Music Inc
World Music Inc (EIN: 223036665) is a nonprofit organization based in Cambridge, MA, classified under NTEE code A610. The organization reported total revenue of $3.0M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
World Music Inc is a mid-size nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$78K |
| Total Assets | $2.2M |
| Total Liabilities | $518K |
| Net Assets | $1.7M |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 23.8% |
| Months of Reserves | 11.5 months |
Financial Health Grade: A
In 2023, World Music Inc reported a surplus of $78K with revenue exceeding expenses, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 23.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), World Music Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | +21.6% | +19.0% |
| 2022 | +176.9% | +168.5% | +74.0% |
| 2021 | -49.7% | -67.6% | +38.2% |
| 2020 | -13.4% | -6.3% | -31.9% |
| 2019 | -16.0% | -2.0% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 World Music Inc with a Mission Score of 75 out of 100 (Good). 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, World Music Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 World Music Inc's IRS 990 filings:
- Lack of readily available detailed financial and program transparency on their website.
- No clear executive compensation figures provided in the available data.
Strengths
The following positive indicators were identified for World Music Inc:
- Consistent revenue generation over several years.
- Healthy asset base relative to liabilities.
Frequently Asked Questions about World Music Inc
Is World Music Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, World Music Inc (EIN: 223036665) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does World Music Inc spend its money?
World Music Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to World Music Inc tax-deductible?
World Music Inc is registered as a tax-exempt nonprofit (EIN: 223036665). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of World Music Inc's spending goes to programs?
World Music Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does World Music Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), World Music Inc is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is World Music Inc located?
World Music Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 223036665. It is classified under NTEE code A610.
How many years of IRS 990 filings does World Music Inc have?
World Music Inc 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 $3.0M in total revenue.
What does World Music Inc do?
World Music Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Cambridge, Massachusetts. It is classified under NTEE code A610.
How much revenue does World Music Inc have?
World Music Inc reported total revenue of $2,990,077. Based on 12 IRS 990 filings on record.
What are World Music Inc's total assets?
World Music Inc holds total assets of $2,441,767 as reported in IRS 990 filings.
Where is World Music Inc located?
World Music Inc is based in Cambridge, Massachusetts.
What is World Music Inc's EIN?
World Music Inc's Employer Identification Number (EIN) is 223036665. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is World Music Inc?
World Music Inc is classified under NTEE code A610 (Arts, Culture & Humanities).
Is World Music Inc a registered 501(c)(3)?
Yes, World Music Inc is recognized as a tax-exempt organization by the IRS. EIN: 223036665.
Does World Music Inc file IRS Form 990?
Yes, World Music Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was World Music Inc's revenue in 2023?
In the 202306 filing period, World Music Inc reported total revenue of $2,346,727, total expenses of $2,268,688, and net assets of $2,180,590.
Is World Music Inc's revenue growing or declining?
World Music Inc's revenue is declining. Revenue went from $2,657,568 (202206) to $2,346,727 (202306), a -11.7% change. Based on 12 filings on record.
What is World Music Inc's most recent 990 filing?
The most recent IRS Form 990 filing for World Music Inc covers tax period 202306. It shows revenue of $2,346,727, expenses of $2,268,688, total assets of $2,180,590, and liabilities of $517,975.
How much does World Music Inc spend on programs vs administration?
Based on IRS 990 analysis, World Music Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is World Music Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, World Music Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for World Music Inc?
The following concerns were identified: Lack of readily available detailed financial and program transparency on their website.. No clear executive compensation figures provided in the available data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are World Music Inc's strengths?
Positive indicators for World Music Inc include: Consistent revenue generation over several years.. Healthy asset base relative to liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does World Music Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is World Music Inc?
No detailed transparency report or annual report readily available on their website. Financial filings are available via third-party sites. No clear breakdown of program activities or impact metrics. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does World Music Inc. ensure its mission is effectively communicated and measured given the limited public transparency?
Without a detailed transparency report or program impact metrics, it's challenging to assess how effectively World Music Inc. communicates and measures its mission beyond general financial health.
Filing History
IRS 990 filing history for World Music Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), World Music Inc's revenue has declined by 1.6%, moving from $2.4M to $2.3M. Total assets increased by 147.1% over the same period, from $883K to $2.2M. Total functional expenses rose by 20%, from $1.9M to $2.3M. In its most recent filing year (2023), World Music Inc reported a surplus of $78K, with revenue exceeding expenses. The organization holds $518K in liabilities against $2.2M in assets (debt-to-asset ratio: 23.8%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.3M | $2.2M | $518K | — | View 990 |
| 2022 | $2.7M | $1.9M | $1.8M | $272K | — | View 990 |
| 2021 | $960K | $695K | $1.1M | $253K | — | View 990 |
| 2020 | $1.9M | $2.1M | $762K | $227K | — | View 990 |
| 2019 | $2.2M | $2.3M | $1.1M | $345K | — | View 990 |
| 2018 | $2.6M | $2.3M | $1.1M | $217K | — | View 990 |
| 2017 | $2.3M | $2.2M | $861K | $280K | — | View 990 |
| 2016 | $1.7M | $2.3M | $691K | $208K | — | View 990 |
| 2015 | $2.7M | $1.9M | $1.2M | $177K | — | View 990 |
| 2014 | $1.3M | $1.6M | $355K | $136K | — | View 990 |
| 2013 | $1.3M | $1.6M | $601K | $80K | — | View 990 |
| 2012 | $2.4M | $1.9M | $883K | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.3M, and assets of $2.2M (revenue -11.7% year-over-year).
- 2022: Revenue of $2.7M, expenses of $1.9M, and assets of $1.8M (revenue +176.9% year-over-year).
- 2021: Revenue of $960K, expenses of $695K, and assets of $1.1M (revenue -49.7% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.1M, and assets of $762K (revenue -13.4% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.3M, and assets of $1.1M (revenue -16.0% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.3M, and assets of $1.1M (revenue +16.1% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.2M, and assets of $861K (revenue +31.5% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.3M, and assets of $691K (revenue -36.5% year-over-year).
- 2015: Revenue of $2.7M, expenses of $1.9M, and assets of $1.2M (revenue +106.1% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.6M, and assets of $355K (revenue -1.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.6M, and assets of $601K (revenue -44.1% year-over-year).
- 2012: Revenue of $2.4M, expenses of $1.9M, and assets of $883K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for World Music Inc:
Data Sources and Methodology
This transparency report for World Music 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.