I Love Music Tour Inc is a 501(c)(3) organization based in Jacksonville, Florida, registered in 2008, with $410,308 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$410K
▼ 11.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$453K
Net assets
-$43K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for I Love Music Tour Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For I Love Music Tour Inc: 0 mo reserves · -11% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for I Love Music Tour Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For I Love Music Tour Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue held steady from $407K (FY2019) to $410K (FY2024) across 6 reported years.
Financial snapshot
Operating margin
-10.5%
Spent more than it raised in the latest fiscal year.
Total assets
-$43K
Total liabilities
$0
Net assets
-$43K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $410,308▼11.7% | $453,403▼16.5% | -$43,094▲45.0% | -$43,094▲45.0% | 990 |
| 2023 | $464,455▼18.6% | $542,756▼21.8% | -$78,300▲36.7% | -$78,300▲36.7% | 990 |
| 2022 | $570,637▼5.7% | $694,245▲9.3% | -$123,610▼307% | -$123,610▼307% | 990 |
| 2021 | $604,942▲34.9% | $635,322▲7.1% | -$30,381▲85.0% | -$30,381▲85.0% | 990 |
| 2020 | $448,342▲10.1% | $593,151▲27.5% | -$202,741 | -$202,741 | 990 |
| 2019 | $407,335 | $465,267 | $0 | $0 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for I Love Music Tour Inc (EIN 26-0275756) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.