Young Musicians Of Virginia
EIN: 542018258 · Virginia Bch, VA · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $396K |
| Total Expenses | $300K |
| Net Assets | $46K |
Is Young Musicians Of Virginia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Young Musicians Of Virginia
Young Musicians Of Virginia (EIN: 542018258) is a nonprofit organization based in Virginia Bch, VA, classified under NTEE code B90. The organization reported total revenue of $396K and total assets of $87K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Musicians Of Virginia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Young Musicians Of Virginia is a small nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $304K |
| Total Expenses | $300K |
| Surplus / Deficit | +$4K |
| Total Assets | $68K |
| Total Liabilities | $22K |
| Net Assets | $46K |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 32.4% |
| Months of Reserves | 2.7 months |
Financial Health Grade: A
In 2024, Young Musicians Of Virginia reported a surplus of $4K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 32.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Young Musicians Of Virginia's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.6% | -3.4% | +12.0% |
| 2023 | +15.9% | +11.5% | +17.7% |
| 2022 | +5.1% | +5.6% | +8.8% |
| 2021 | -8.6% | -9.8% | +0.8% |
| 2020 | -15.1% | -13.7% | -15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Young Musicians Of Virginia 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 Young Musicians Of Virginia 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.4%.
Frequently Asked Questions about Young Musicians Of Virginia
Is Young Musicians Of Virginia a legitimate charity?
Young Musicians Of Virginia (EIN: 542018258) is a registered tax-exempt nonprofit based in Virginia. It has 14 years of IRS 990 filings on record. Total revenue: $396K. No red flags identified. Financial health grade: A.
How does Young Musicians Of Virginia spend its money?
Young Musicians Of Virginia reported $396K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Young Musicians Of Virginia tax-deductible?
Young Musicians Of Virginia is registered as a tax-exempt nonprofit (EIN: 542018258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Young Musicians Of Virginia located?
Young Musicians Of Virginia is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 542018258. It is classified under NTEE code B90.
How many years of IRS 990 filings does Young Musicians Of Virginia have?
Young Musicians Of Virginia 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 $396K in total revenue.
Filing History
IRS 990 filing history for Young Musicians Of Virginia showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Young Musicians Of Virginia's revenue has declined by 19.6%, moving from $378K to $304K. Total assets increased by 15.4% over the same period, from $59K to $68K. Total functional expenses fell by 18.2%, from $366K to $300K. In its most recent filing year (2024), Young Musicians Of Virginia reported a surplus of $4K, with revenue exceeding expenses. The organization holds $22K in liabilities against $68K in assets (debt-to-asset ratio: 32.4%), resulting in net assets of $46K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $304K | $300K | $68K | $22K | — | — |
| 2023 | $322K | $310K | $61K | $19K | — | — |
| 2022 | $278K | $278K | $52K | $21K | — | View 990 |
| 2021 | $264K | $264K | $48K | $16K | — | — |
| 2020 | $289K | $292K | $47K | $16K | — | View 990 |
| 2019 | $341K | $339K | $56K | $22K | — | View 990 |
| 2018 | $333K | $335K | $56K | $24K | — | — |
| 2017 | $387K | $385K | $51K | $17K | — | View 990 |
| 2016 | $392K | $389K | $64K | $32K | — | View 990 |
| 2015 | $342K | $346K | $49K | $21K | — | View 990 |
| 2014 | $362K | $366K | $48K | $17K | — | View 990 |
| 2013 | $339K | $334K | $59K | $23K | — | View 990 |
| 2012 | $328K | $337K | $48K | $17K | — | View 990 |
| 2011 | $378K | $366K | $59K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $304K, expenses of $300K, and assets of $68K (revenue -5.6% year-over-year).
- 2023: Revenue of $322K, expenses of $310K, and assets of $61K (revenue +15.9% year-over-year).
- 2022: Revenue of $278K, expenses of $278K, and assets of $52K (revenue +5.1% year-over-year).
- 2021: Revenue of $264K, expenses of $264K, and assets of $48K (revenue -8.6% year-over-year).
- 2020: Revenue of $289K, expenses of $292K, and assets of $47K (revenue -15.1% year-over-year).
- 2019: Revenue of $341K, expenses of $339K, and assets of $56K (revenue +2.2% year-over-year).
- 2018: Revenue of $333K, expenses of $335K, and assets of $56K (revenue -13.9% year-over-year).
- 2017: Revenue of $387K, expenses of $385K, and assets of $51K (revenue -1.3% year-over-year).
- 2016: Revenue of $392K, expenses of $389K, and assets of $64K (revenue +14.6% year-over-year).
- 2015: Revenue of $342K, expenses of $346K, and assets of $49K (revenue -5.5% year-over-year).
- 2014: Revenue of $362K, expenses of $366K, and assets of $48K (revenue +6.9% year-over-year).
- 2013: Revenue of $339K, expenses of $334K, and assets of $59K (revenue +3.5% year-over-year).
- 2012: Revenue of $328K, expenses of $337K, and assets of $48K (revenue -13.2% year-over-year).
- 2011: Revenue of $378K, expenses of $366K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Young Musicians Of Virginia:
Data Sources and Methodology
This transparency report for Young Musicians Of Virginia 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.