Music-arts Institute
Only null% goes to programs Strong reserves
Music-arts Institute is a 501(c)(3) organization based in Independence, Missouri, registered in 1986, with $374,960 in FY2023 revenue. CharityIndex grades it B.
1010 S Pearl St, Independence, MO, 64050 EIN 43-1245831 Since 1986
Revenue (FY2023)
$375K
▲ 17.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$383K
Net assets
$661K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Music-arts Institute— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating21 mo reserves · -2% margin
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 Music-arts Institute: 21 mo reserves · -2% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Music-arts Institute— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
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 Music-arts Institute: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1010 S Pearl St, Independence, MO, 64050
- City
- Independence
- State
- Missouri
- Category
- Arts, Culture & Humanities
- Subcategory
- Arts & Cultural Organizations
- Website
- …
Financial trends
Revenue grew from $300K (FY2013) to $375K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $15KNet assets $661K
Operating margin
-2.2%
Spent more than it raised in the latest fiscal year.
Total assets
$676K
Total liabilities
$15K
Net assets
$661K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $374,960▲17.2% | $383,089▲9.4% | $660,892▲1.6% | $675,654▲3.1% | 990 |
| 2022 | $319,987▼49.4% | $350,071▲7.7% | $650,391▼3.9% | $655,647▼4.6% | 990 |
| 2021 | $632,989▲63.1% | $324,967▼6.7% | $677,093▲83.5% | $686,974▲81.6% | 990 |
| 2020 | $388,053▲5.5% | $348,241▲11.0% | $369,071▲12.1% | $378,240▲8.8% | 990 |
| 2019 | $367,721▼23.2% | $313,871▼19.7% | $329,259▲19.6% | $347,752▲13.3% | 990 |
| 2018 | $478,624▲43.3% | $391,021▲10.6% | $275,409▲46.6% | $306,855▲61.2% | 990 |
| 2017 | $333,936▼19.3% | $353,408▲0.8% | $187,806▼5.9% | $190,406▼9.5% | 990 |
| 2016 | $413,831▲27.2% | $350,463▲6.8% | $199,638▲38.1% | $210,325▼3.6% | 990 |
| 2015 | $325,273▲5.5% | $328,076▲1.0% | $144,568▼1.7% | $218,107▲48.1% | 990 |
| 2014 | $308,381▲2.9% | $324,950▼6.7% | $147,021▼10.1% | $147,249▼17.4% | 990 |
| 2013 | $299,722 | $348,376▼5.6% | $163,590▼22.9% | $178,226▼22.3% | 990 |
| 2012 | — | $369,132▼11.3% | $212,244▼17.7% | $229,507▼11.3% | 990 |
| 2011 | — | $416,331▲3.4% | $257,857▼15.4% | $258,706▼15.5% | 990 |
| 2010 | — | $402,468 | $304,823 | $306,331 | 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.
Grants received · $65K total
5 grants to Music-arts Institute totaling $65K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $25,000 |
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Frequently asked questions
- Is Music-arts Institute a legitimate nonprofit?
- Yes. Music-arts Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 43-1245831, based in Independence, Missouri. Donations are tax-deductible.
- What is Music-arts Institute's EIN?
- Music-arts Institute's Employer Identification Number (EIN) is 43-1245831.
- How much revenue does Music-arts Institute report?
- Music-arts Institute reported $374,960 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Music-arts Institute have?
- CharityIndex grades Music-arts Institute B, based on financial health (reserves and operating margin).
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Data for Music-arts Institute (EIN 43-1245831) 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.