Soundtrack Community Development & Talent Enhancement Inc
Only null% goes to programs Strong reserves Declining revenue
Soundtrack Community Development & Talent Enhancement Inc is a 501(c)(3) organization based in Chicago, Illinois, registered in 2011, with $71,726 in FY2023 revenue. CharityIndex grades it D.
7023 S Talman Ave Apt 1, Chicago, IL, 60629 EIN 80-0598972 Since 2011
Revenue (FY2023)
$72K
▲ 9.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$284K
Net assets
$8.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Soundtrack Community Development & Talent Enhancement Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating351 mo reserves · -296% 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 Soundtrack Community Development & Talent Enhancement Inc: 351 mo reserves · -296% margin earns a F 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 Soundtrack Community Development & Talent Enhancement Inc— 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 Soundtrack Community Development & Talent Enhancement Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 7023 S Talman Ave Apt 1, Chicago, IL, 60629
- City
- Chicago
- State
- Illinois
- Category
- Arts, Culture & Humanities
- Subcategory
- Performing Arts
- Website
- …
Financial trends
Revenue declined from $8.9M (FY2020) to $72K (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $7,653Net assets $8.3M
Operating margin
-295.5%
Spent more than it raised in the latest fiscal year.
Total assets
$8.3M
Total liabilities
$7,653
Net assets
$8.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $71,726▲9.2% | $283,706▲5.5% | $8,300,273▼2.5% | $8,307,926▼2.5% | 990 |
| 2022 | $65,700▲190% | $269,000▲9.1% | $8,512,253▼2.3% | $8,519,906▼2.3% | 990 |
| 2021 | $22,650▼99.7% | $246,591▲5723% | $8,711,312▼1.9% | $8,718,965▼2.5% | 990 |
| 2020 | $8,943,065 | $4,235 | $8,882,800 | $8,941,085 | 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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Compare Soundtrack Community Development & Talent Enhancement Inc
Frequently asked questions
- Is Soundtrack Community Development & Talent Enhancement Inc a legitimate nonprofit?
- Yes. Soundtrack Community Development & Talent Enhancement Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 80-0598972, based in Chicago, Illinois. Donations are tax-deductible.
- What is Soundtrack Community Development & Talent Enhancement Inc's EIN?
- Soundtrack Community Development & Talent Enhancement Inc's Employer Identification Number (EIN) is 80-0598972.
- How much revenue does Soundtrack Community Development & Talent Enhancement Inc report?
- Soundtrack Community Development & Talent Enhancement Inc reported $71,726 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Soundtrack Community Development & Talent Enhancement Inc have?
- CharityIndex grades Soundtrack Community Development & Talent Enhancement Inc D, based on financial health (reserves and operating margin).
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Data for Soundtrack Community Development & Talent Enhancement Inc (EIN 80-0598972) 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.