Music City Inc
Only null% goes to programs Thin reserves Growing revenue
Music City Inc is a 501(c)(3) organization based in Nashville, Tennessee, registered in 2006, with $11,095,223 in FY2024 revenue. CharityIndex grades it C.
500 11th Ave N Ste 650, Nashville, TN, 37203 EIN 34-2064764 Since 2006
Revenue (FY2024)
$11.1M
▼ 1.9% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$11.0M
Net assets
$568K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—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 City Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +0% 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 City Inc: 1 mo reserves · +0% margin earns a C+ 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 City Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 City Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 500 11th Ave N Ste 650, Nashville, TN, 37203
- City
- Nashville
- State
- Tennessee
- Category
- Arts, Culture & Humanities
- Subcategory
- Arts & Cultural Organizations
Financial trends
Revenue grew from $2.4M (FY2013) to $11.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9MNet assets $568K
Operating margin
0.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.5M
Total liabilities
$1.9M
Net assets
$568K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,095,223▼1.9% | $11,046,265▼2.0% | $568,283▲9.4% | $2,455,745▲5.4% | 990 |
| 2023 | $11,312,683▲20.6% | $11,276,158▲20.4% | $519,325▲7.6% | $2,331,034▲21.6% | 990 |
| 2022 | $9,378,368▲18.3% | $9,365,323▲19.8% | $482,800▲2.8% | $1,916,814▲4.3% | 990 |
| 2021 | $7,930,504▲771% | $7,819,041▲1026% | $469,755▲31.1% | $1,837,848▲7.7% | 990 |
| 2020 | $910,030▼90.3% | $694,661▼92.8% | $358,292▲151% | $1,706,208▲286% | 990 |
| 2019 | $9,343,705▲15.3% | $9,619,340▲20.3% | $142,923▼65.9% | $441,553▼60.7% | 990 |
| 2018 | $8,102,915▲31.2% | $7,994,799▲29.8% | $418,558▲34.8% | $1,124,311▼12.7% | 990 |
| 2017 | $6,177,320▼3.3% | $6,158,170▼4.4% | $310,442▲6.6% | $1,287,333▼18.9% | 990 |
| 2016 | $6,387,680▼2.2% | $6,440,486▲0.7% | $291,292▼15.3% | $1,586,532▲74.2% | 990 |
| 2015 | $6,530,220▲82.5% | $6,393,916▲76.8% | $344,098▲65.6% | $910,773▼28.4% | 990 |
| 2014 | $3,579,181▲51.7% | $3,616,612▲55.2% | $207,794▼15.3% | $1,272,135▲59.8% | 990 |
| 2013 | $2,358,854 | $2,330,866▼6.6% | $245,225▲12.9% | $795,978▲28.4% | 990 |
| 2012 | — | $2,496,221▲47.5% | $217,237▲51.4% | $619,861▼14.9% | 990 |
| 2011 | — | $1,691,883▲24.9% | $143,489▼3.6% | $728,353▲20.9% | 990 |
| 2010 | — | $1,354,229▲42.4% | $148,789▲19.8% | $602,290▲51.7% | 990 |
| 2009 | — | $951,004 | $124,196 | $397,135 | 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 · $124K total
13 grants to Music City Inc totaling $124K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Community Fdn of Middle Tn Inc | For support.thank you,mark deutschmann & core development | 2023 | $25,000 |
| American Endowment Foundation | General operating support | 2022 | $10,000 |
| The Community Fdn of Middle Tn Inc | Jefferson street project | 2022 | $10,000 |
| Vanderbilt University | Contribution | 2022 | $10,000 |
| Edward Charles Foundation | Charitable gift | 2021 | $10,000 |
| Paypal Charitable Giving Fund | General support | 2021 | $5,878 |
| The Community Fdn of Middle Tn Inc | Designated for 2020 tornado relief | 2020 | $25,000 |
| The Community Fdn of Middle Tn Inc | For tornado relief | 2020 | $5,393 |
| The Community Fdn of Middle Tn Inc | For a corporate gift for nashville sc 250 kids attending | 2020 | $5,000 |
| The Community Fdn of Middle Tn Inc | For girl scouts, boy scouts and boys and girls club members to the gold cup | 2017 | $5,000 |
| The Community Fdn of Middle Tn Inc | Benefiting mls 2 nashville | 2017 | $2,500 |
| The Community Fdn of Middle Tn Inc | In support of boy scouts, girl scouts and youth athletics | 2016 | $5,000 |
| The Community Fdn of Middle Tn Inc | For national league of cities (congress of cities) sponsorship | 2015 | $5,000 |
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Frequently asked questions
- Is Music City Inc a legitimate nonprofit?
- Yes. Music City Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-2064764, based in Nashville, Tennessee. Donations are tax-deductible.
- What is Music City Inc's EIN?
- Music City Inc's Employer Identification Number (EIN) is 34-2064764.
- How much revenue does Music City Inc report?
- Music City Inc reported $11,095,223 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Music City Inc have?
- CharityIndex grades Music City Inc C, based on financial health (reserves and operating margin).
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Data for Music City Inc (EIN 34-2064764) 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.